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International

E.U. deal on insurance capital near: Lawmaker

October 18, 2013 Reprints

E.U. lawmaker Sharon Bowles has said the European Union is close to agreeing a deal on how insurers will hold sufficient capital under Solvency II, due in January 2016, Reuters reported.

Ms. Bowles said the final agreement will be a watered-down version of what industry regulators had envisaged.

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E.U. deal on insurance capital near: Lawmaker

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