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Europe Daily Bulletin No. 9589

29 January 2008
Contents Publication in full By article 16 / 45
GENERAL NEWS / (eu) eu/insurance
CEA insist that full risk profile of insurers should be used to calculate their capital requirements

Brussels, 28/01/2008 (Agence Europe) - At a public hearing on the draft directive “Solvability II” on Monday 28 January, Gérard de La Martinière, President of the European Insurance Committee (CEA), announced that the CEA had written last week to Commissioner McCreevy, who is in charge of Internal Market issues, to alert him to the methodology recommended by the industry to calculate capital requirements for insurance companies. The “unanimous” position of the insurance companies,...

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