Don't let France hobble a much-needed EU reinsurance directive

The proposed European Union directive on reinsurance was first published in April last year. It is now about to enter a critical phase. Peter Skinner MEP, the rapporteur charged with moving the directive along, has recently presented his draft report to the European Parliament following market consultation.The obvious and immediate advantage of a single framework is that reinsurance companies would no longer have to comply with the different regulatory regimes adopted by member states or inc