Different World

Panko, Ron
November 2011
Best's Review;Nov2011, Vol. 112 Issue 7, p70
Trade Publication
The article focuses on the concerns of the European captive insurance industry on the European Union's (EU) insurance regulatory regime Solvency II Directive. It states that captives are concerned that the Solvency II would not consider the unique functions and structures of captives, and have proposed to apply proportionality principle in its framework. It explains that proportionality would allow the regime to be calibrated to size, nature and complexity of reinsurance and captive companies.


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