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EU regulator urges insurers to scrap dividends and share buy backs due to Covid-19

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Insurers should suspend discretionary dividends and shareholder bonus payouts until the impact of the coronavirus pandemic becomes clearer, the European Union insurance regulator has warned.

Yesterday evening the European Insurance and Occupational Pensions Authority issued a statement cautioning insurers to take a prudent approach to payouts and a “forward-looking” approach to assessing

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