November 22, 2017 / 9:38 AM / 24 days ago

EU insurance watchdog calls for harmonized schemes for failures, guarantees

FRANKFURT, Nov 22 (Reuters) - The European Union’s insurance watchdog on Wednesday called for harmonized schemes to deal with the possible failure of insurance groups and national insurance guarantees.

“European action is required,” Gabriel Bernardino, chairman of the European Insurance and Occupational Authority (EIOPA), said. (Reporting by Tom Sims; Editing by Maria Sheahan)

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