S&P predicts Solvency II will be delayed until 2016
Standard & Poor's has warned that Solvency II could be delayed for a further two years as the relevant parties have failed to agree on the European directive.
The directive is due to come into force on 1 January 2014, but the rating agency believes this is unlikely.
S&P said in its European insurance outlook that European policymakers' inability to reach a
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