US-EU covered agreement adds clarity but will take time to implement

The covered agreement reached between the United States and the European Union in response to the bloc’s Solvency II directive provides regulatory clarity and reduces the regulatory burden for U.S. and EU reinsurers operating in each other’s markets, according to a briefing by A.M. More…

Greek insurers clear solvency test

Greek insurers have passed the first European solvency test, with a solvency rate well above 100%, based on the new capital regulations known as Solvency II. More…

Legislators want clarity on US-EU covered agreement for insurers

Two dozen U.S. congressional legislators have asked the treasury secretary to clarify the covered agreement reached between the United States and the European Union in response to the bloc’s Solvency II directive. More…

Solvency II complicates captive strategies

The implementation of Solvency II in Europe has provided an additional risk management tool to owners of European captives, but at a cost, forcing risk managers to re-examine whether they are getting the best use out of their captives. More…

Captive owners adjust to changes under new regime

Captive owners have responded to the Solvency II regime in several different ways, including consolidating exposures into one captive or relocating the risks covered in Solvency II-affected captives to other domiciles. More…