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Run-off insurer acquirers should submit plans to supervisors, Eiopa says

( July 23, 2021, 14:45 GMT | Official Statement) -- MLex Summary: Prospective acquisitions of run-off insurance companies should be submitted to supervisors before any final notification is made, the European Insurance and Occupational Pensions Authority has said in a draft supervisory statement put out for consultation today. Insurers that have stopped underwriting new business represent an increasingly attractive target for rivals or investors such as private equity, Eiopa said.Statement follows. Document attached. ...

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