Regulation/Legislation

Europe's insurers look strong enough to handle a Greek default should it occur, the chairman of EU insurance watchdog EIOPA told a German newspaper.

Insurance trade associations are testifying before Michigan lawmakers in an attempt to promote reform to the state's no-fault auto insurance system.

Lloyd's joins 16 other companies as an approved reinsurer under the reduced collateral rule.

Ireland's High Court approved on Thursday the takeover of Quinn Insurance by a joint venture of U.S. insurer Liberty Mutual and state-run Anglo Irish Bank.

European insurers are financially robust and unlikely to require injections of fresh capital, barring an Italian sovereign default or break-up of the single currency area, analysts said.

While legislators were expected to get answers today on measurements the Financial Stability Oversight Council will use in designating insurers as systemically significant, Treasury Secretary Timothy Geithner says a meeting next week will offer clarity on that issue.