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Insurance & Reinsurance Industry Group: Corporate Insurance & Regulatory Bulletin |
November 2, 2009
Previously published on October 2009
On 5 October 2009, the European Commission (the "Commission") published a proposed new Block Exemption Regulation for the insurance sector (the "Draft IBER"), to replace the current Block Exemption Regulation (the "Existing IBER") when that expires on 31 March 2010... If adopted, the revised Draft IBER will significantly restrict the types of co-operation among insurers and reinsurers that are automatically exempt from the EC and national rules prohibiting anti-competitive agreements.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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