EU Solvency II Insurer Rules May See Two-Year Delay, FTD Reports

The European Union’s Solvency II rules for insurers may be introduced two years later than planned, Financial Times Deutschland reported, citing an unnamed insurance executive familiar with the situation.

The rules may be introduced in 2015 instead of 2013 and take full effect in 2016 instead of 2014, the newspaper said in an e-mailed preview of an article to be published tomorrow.

The article cited a spokeswoman for EU Financial Services Commissioner Michel Barnier as saying the European Commission “regrets this delay and is still working resolutely toward a speedy introduction of the Solvency II rules.”

To contact the reporter on this story: Naomi Kresge in Berlin at nkresge@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

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