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Dublin Reinsurers Deny Effort To Duck Regulation

A Dublin insurance trade group is denying a report that it lobbied against regulatory standards for Irish reinsurance operations, which gained notoriety last year during a U.S. probe of American Inter

By Staff Writer | Updated on January 10, 2006

A Dublin insurance trade group is denying a report that it lobbied against regulatory standards for Irish reinsurance operations, which gained notoriety last year during a U.S. probe of American International Group securities fraud.

The Dublin International Insurance & Management Association (DIMA) made the denial after a newspaper article reporting the group had lobbied the Irish Government not to accede to European Commission Directorate proposals to introduce mandatory regulatory standards for country’s the reinsurance industry.

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