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EU Debates Reinsurer Single Passport International Editor


The move by the European Union to create a directive to set minimum standards for reinsurers in all the member states is being applauded by many reinsurers.

We want to have freedom of establishment within Europe so that we can operate branch offices anywhere in Europe with regulatory supervision done from the home country,” said Pierre-Denis Champvillard, group executive vice president of Scor, the Paris-based reinsurer. He also is chairman of the international committee of the F?d?ration Fran?aise de Soci?t?s dAssurances, the Paris-based insurance association.

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