Insurers demand clarity on Omnibus II

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European insurers have warned policy-makers they need to act fast to dispel the remaining ambiguities around Solvency II if the directive is to be successfully implemented.  The warning follows last week's agreement on the final wording of Omnibus II, a package of amendments for Solvency II, at a trilogue negotiation between the European Parliament, European Commission and Council of the European Union. Senior insurance executives speaking at a conference in Paris last Friday said they w