Lord Levene: Solvency II to cost Lloyd's £300m
Lloyd's of London expects to spend £300m preparing for the European Union's new Solvency II capital rules for insurers, Lord Levene, Lloyd’s chairman, has said.
According to Reuters, Lord Levene told delegates at the World Economic Forum in Davos: “It's a huge task. It's costing Lloyds markets just to get ready for Solvency II £300m. It's a lot of money and
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