Post-Brexit UK Urged To Drop 'Unnecessary' Solvency Rules

Law360, London (February 19, 2021, 3:11 PM GMT) -- The U.K. government must ditch "unnecessary information requirements" from a European Union directive that set out how much money insurers hold, an Insurance broker said on Friday, as Britain begins to make its own rules after Brexit.

Willis Towers Watson said that British insurers should continue to make public disclosures about their capital holdings. But the broker stressed that the amount of information they are forced to hand over to regulators should be reduced.

The EU's Solvency II Directive, which came into force in 2016, was designed to protect markets from financial shock by requiring insurance companies to hold significant capital...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!