Breaking with tradition
Buyers and sellers of insurance and reinsurance are about to have their working practices changed dramatically with the implementation of the EU's Insurers Reorganisation and Winding Up Directive, writes Paul Evans
The European Union’s (EU’s) Insurers Reorganisation and Winding Up Directive will be implemented in the UK by 20 April, 2003. When it is enacted, it will have a fundamental impact on the outcome of future insurance insolvencies and should already be leading to structural change in the London insurance market, although there is little sign of that currently.
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