03/03/2008 (Agence Europe) - On Tuesday 26 February, the European Commission adopted its amended draft Solvency II directive, introducing new European solvency standards for insurance and re-insurance companies. The proposal brings no fundamental alteration to its initial proposal of July 2007 (see EUROPE 9464 and 9465). It incorporates legislative changes brought in since last summer i.e. new procedural rules and evaluation criteria for the prudential assessment of acquisitions and increase...