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Category Archives: Luxembourg
Subscribe to Luxembourg RSS FeedItalian first measures in favor of insurance market operators against COVID-19 emergency
As a result of the health emergency caused by the widespread outbreak of the COVID-19 virus and disease, specific measures have been adopted in Italy starting from the beginning of March 2020 in order to contain the impact thereof at various levels and sectors of the economy. In particular, the Italian Government adopted Law Decree
Mixed responses from European regulators as EIOPA urges insurers to hold back on dividend payments
On 2 April 2020, the European Insurance and Occupational Pensions Authority (EIOPA) urged all (re)insurers to temporarily suspend dividend distributions and share buybacks. The response from insurance regulators in EU countries has been mixed. In some countries the regulator has followed a similar approach. However, the German regulator, BaFin, has stated that it considers the