Insurers will have to wait a little longer to learn the final details and implementation timeline of Solvency II, the European Union’s troubled initiative to harmonise regulation of the region’s insurance companies. Delays in the legislative process mean Solvency II’s risk-based capital rules are now unlikely to be implemented before 2015 or 2016.
This is a mixed blessing for hedge funds. Solvency II could force insurers to take potentially punitive capital charges against their hedge fund holdi
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