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EU Close to Deal on Long-Delayed Insurance Capital Rules

The European Union is close to agreeing to new rules which will force insurers to hold enough capital to keep policyholders safe, after years of delay.

By Huw Jones, Reuters | Updated on November 13, 2013

The European Union is close to agreeing to new rules which will force insurers to hold enough capital to keep policyholders safe, after years of delay.

Lawmakers from the European Parliament and officials from member states have set aside six hours from 1430 GMT on Wednesday to nail down a deal. The bloc’s financial services chief Michel Barnier was due to attend in person to nudge them over the finishing line.

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