Buyers and insurers unite against ‘extreme conservatism’ of CEIOPS Solvency II plans

Buyers and insurers unite against ‘extreme conservatism’ of CEIOPS Solvency II plans

Buyers and insurers unite against ‘extreme conservatism’ of CEIOPS Solvency II plans

[LONDON]—Pressure is fast building on the European Commission from insurance company and buyer representative groups to water down the advice given to it on Solvency II or risk forcing the industry to carry more risk than it wants or needs as the European economy tentatively creeps out of recession.

Don’t panic over mandatory ELD prospect says ACE

Don’t panic over mandatory ELD prospect says ACE

Don’t panic over mandatory ELD prospect says ACE

Insurance buyers should not fear an E.U.–wide mandatory financial guarantee scheme for Environmental Liability Directive (ELD) coverage that could, in fact, increase the number of carriers in the market and lower pricing for these new liabilities, an environmental expert at insurance company ACE told Commercial Risk Europe.