Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
Eiopa chairman reiterates 90% cession limit
- 28 September 2017
The head of the pan-EU insurance regulator has warned carriers setting up a post-Brexit presence in the trade bloc not to reinsure everything back to London.
Gabriel Bernardino, chairman of the Frankfurt-based European Insurance and Occupational Pensions Authority (Eiopa), told a Reuters conference yesterday that carriers should plan to retain at least 10 percent of business in the country they have selected for their EU base.
"We see 10 percent of business being retained as a good referential," Bernardino told...
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