Updated: Partner Re firms fined €1.5m for Solvency II breach
Partner Re Ireland Insurance DAC was fined for a total of six breaches and its sister company Partner Reinsurance Europe SE was fined in respect of three breaches.
The fine, one of the largest ever
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Disappointment in discount rate
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX
— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
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