Association of European Cooperative Insurers, AECI

The common position allows for control over insurers.

Association of European Cooperative and Mutual Insurers (ACME)

They must be treated on the same basis as domestic insurers.

This amendment relates to composite insurers non life and life together.

Life insurers, for example, have struggled to meet their guaranteed rates of return.

The purpose of paragraph c is to lay down the conditions of exemption for organized structures between insurers who have agreed to cover risks that are defined by the insurers in advance.

These special interests included Wall Street, Big Oil, the big health insurers, and arms manufacturers.

New financial regulations Basel 3 for banks and Solvency 2 for insurers are reinforcing these advantages.

Until now, women were favoured in life insurance prices, because they constitute a lower risk for insurers.

Insurers must be able to sell their services across borders and people must be able to buy them.

Fortis employs 85 000 people and is part of the twenty largest European banks and the ten largest insurers.

As they struggle to raise new capital, European banks and insurers are likely to be forced to sell overseas assets.

The latter one is a significant risk increasing factor from the view of business insurers, while the other two are not.

But the transition from here to there will be very challenging for financial firms, be they banks, asset managers or, particularly, insurers.

The insurers of the 100 million artwork send investigator Catherine Banning (Rene Russo) to assist NYPD Detective Michael McCann (Denis Leary) in solving the crime.

As with banking, Europe's insurance sector considers that the agreement resulting from WTO negotiations constitutes a great success for the EU and for European insurers.

If two different systems were applied to types of insurance cover which are normally written together, this would create great difficulty for both domestic and nonnational insurers.

allegedly uninsurable nature of certain risks is not sufficient to justify an agreement between insurers to exclude them from coverage, exactly because such risks are not necessarily 100 uninsurable.

That is why, for example, we have insisted that the cover provided by insurance offered through freedom of services must be identical to what local insurers are required to offer.

Not only must the customer not be discriminated against and be able to take out policies in his own country with foreign insurers, those insurance companies too must not suffer discrimination.

If one of the companies is about to crash and they are composite insurers, there is a risk that the endangered company could dip into the resources of the other company.

The Atradius Group today is the amalgamation of a number of international trade credit insurers and affiliated organisations from Australia, Belgium, Denmark, France, Germany, Ireland, Italy, Mexico, the Netherlands, Norway, New Zealand, UK and USA.

I will just mention briefy that the separation of categories might perhaps be important for all of us because we allow a small number of 'composite' insurers to sell a variety of services as a package.

Some of the other ideas that Hill has floated, such as relaxing the capital standards for long term investments, run counter to the EU solvency standards for insurers and pension funds that will be implemented next year.

This has been done in order to enable Swiss insurance undertakings to set up branches or agencies in Member States of the Community in exactly the same conditions as insurers having their head office in Member States.

The adoption of this second life directive is eagerly awaited by consumers and insurers alike and its urgency has been accentuated by the adoption of the UCITS directive, which allows transferable securities to be sold throughout the Community.

Insurers must certainly have the right to impose certain conditions in this connection, and I am pleased that in his speech the rapporteur drew attention to the additional dimension which the accession of the GDR is going to bring.

According to a recent report by Swiss Re, had government bonds been trading closer to their fair value, insurers in America and Europe would have earned some 40 80 billion from 2008 to 2013 (assuming a typical 50 60 allocation to fixed income).

Therefore, I submit that if recommended standard policy conditions do exclude such risks, it is essential that it should be very clear that individual insurers are entirely free to cover them, if they so wish, and that this should be expressly mentioned.

Since the Court's 1987 judgement, which laid down that the rules of competition provided for in the Treaty should apply fully to the insurance sector, there has been a need to give this sector legal certainty and make it possible for the Commission to operate in this very demanding area there is a large and increasing number of agreements between insurers.

JANSSEN VAN RAAY (PPE), rapporteur. (NL) Mr President, I am here taking the place of Mr Saridakis, the previous rapporteur, and am happy to do so since an open market for the insurance undertakings is one of the essentials of the internal market as from 1993.1 can tell Sir Leon Brittan that, as I see things, there are a number of countries, such as his and mine, that have been fair enough to open their frontiers to competition from foreign insurers.