The EU is to delay insurance capital rules for life companies. The value of the affect comapnies rose after the markets realised that the insurance companies would be able to hold less capital and therefore improve profits. Some companies may have as long as seven years to meet the new criteria. What this menas is that these companies may not be able to meet all thier commitments if there was a major insurance event.
The EU has been discussing this issue for 10 years at a huge cost to the tax payer, no doubt the insurance companies lobbied hard to water down the regulation.
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