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EU recognises Swiss solvency rules for insurers as equivalent-gov't
October 15, 2015 / 9:24 AM / 2 years ago

EU recognises Swiss solvency rules for insurers as equivalent-gov't

ZURICH, Oct 15 (Reuters) - The European Union has recognized Swiss solvency rules for insurance companies as equivalent in a move aimed at streamlining the regulatory process, Switzerland’s Federal Department of Finance said in a statement on Thursday.

The equivalence decision will simplify the activity of Swiss insurance and reinsurance groups, it said. Insurers include Zurich Insurance and Swiss Re. (Reporting by John Miller; Editing by Michael Shields)

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