Orlando, Fla.–U.S. insurers and reinsurers with operations in the European Union will need to conform to new solvency standards that should be in place by 2010, a top EU regulator has told the National Association of Insurance Commissioners.

That notice came from Karel Van Hulle, head of insurance and pensions-financial institutions with the European Commission in Brussels, one of two European regulators briefing the NAIC spring meeting on European solvency regulations in the works.

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