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Calls for regulatory action in Europe intensify after latest insurer failures

Feb 28, 2019 - SNL European Financials Daily

The failure of two European insurers in December 2018 has prompted calls for regulatory action and industry introspection from supervisors and companies alike.

Gibraltar-based Horizon Insurance Co. defaulted Dec. 19, 2018, after nearly two years in runoff, and Denmark-based Qudos Insurance A/S collapsed the next day after placing itself into runoff two months earlier. The collapses came at a time when concerns about failures of smaller, weaker insurers were already high: Danish insurer Alp...