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Block exemption benefits insurance buyers: AIRMIC; Other organizations also support extension.

Publication: Business Insurance
Publication Date: 18-AUG-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Block exemption benefits insurance buyers: AIRMIC; Other organizations also support extension.(International News)

Article Excerpt
Byline: STUART COLLINS

LONDON-The U.K. insurance buyers association, the Assn. of Insurance & Risk Managers, has told the European Commission that it supports the continuation of the block exemption to certain European competition rules enjoyed by the region's insurers.

The insurance industry's block exemption is due to expire in 2010, and by March 2009 the commission must present to the European Parliament and Council of Ministers a report...

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