NU Online News Service, March 27, 11:36 a.m. EDT
A unit of European Union reached informal agreement yesterday on Solvency II, a broad framework to enhance insurer capital requirements and supervision. The action drew a positive response with some reservations from some insurance segments.
Preliminary approval for the revision of solvency standards came from the EU's Committee of Permanent Representatives and is expected to receive formal endorsement next week. The 27-member committee met yesterday in Brussels
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