Brussels, 22/04/2004 (Agence Europe) - As already reported (see yesterday's EUROPE, p.10), the European Commission presented on 21 April a proposal of Directive on reinsurance. The initiative comes in answer to the fact that there is no harmonised reinsurance supervision rule in this field at EU level, a failing that has entailed considerable differences in the levels of surveillance of reinsurance companies from one Member State to the next. Furthermore, the coexistence of different...