KPMG welcomes run-off sector concessions under Solvency II
KPMG has welcomed a revised draft of the Omnibus II Directive which includes specific transitional arrangements fro (re)insurance companies in run-off under Solvency II.
Mike Walker, head of KPMG's UK insurance solutions team, commented: "The run-off sector has been lobbying for Solvency II concessions, arguing that the costs of implementation are disproportionate for
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