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Darren Maher sparks Solvency II discussion at the European Insurance Forum

AUTHOR(S): Darren Maher
PRACTICE AREA GROUP: Insurance and Reinsurance
DATE: 18.03.2016

Matheson partner Darren Maher took part in a panel discussion on Regulation/ Solvency II at the European Insurance Forum (EIF) conference in Dublin on Wednesday, 16 March 2016 at the Royal Hospital Kilmainham. The theme of the conference was “The Road To Risk Revolution”, reflecting on the "need to revolutionise how we deal with the future risk landscape".

The impact of Solvency II on European and third country re/insurers and the influence of the Solvency II approach on global standards being developed were key topics of discussion.

The regulatory risk revolution which is Solvency II has now been adopted across Europe, and each of the EU 28 Member States is in the process of full implementation.  

The Solvency II regime applies the three pillar approach to the supervision of insurance and reinsurance businesses. Read our latest article: Solvency II Directive transposed into Irish Law to find out more.

The panel examined questions such as “How much has the Solvency II project impacted European and third country re/insurers, and how much influence will the Solvency II approach have on the global standards currently being developed?”

Darren brought a legal perspective to the discussion, which also heard from five other industry figures; Dr. Manuela Zweimueller, Director, Head of Department Regulations, EIOPA; Leila Madeiros, Senior Vice President, Deputy Director and Corporate Secretary, ABIR; Philip Whittingham, Head of Model Validation and Risk Governance (including Operational Risk), XL Catlin and Andrew Coffey, Central Bank of Ireland and moderator, Ronan Mulligan, Director, PwC Insurance Practice.

Darren leads a team of corporate and regulatory insurance lawyers that has advised on some of the most complex and high profile transactions in the Irish insurance sector in recent years including the two recently announced healthcare insurance acquisitions by Irish Life, the country’s biggest life and pensions’ provider. This move will make Irish Life the third largest player in the health insurance market with over 400,000 policyholders.

Visit the Matheson website to find out more about our Insurance practice or contact Darren directly by email: if you have any questions on how Solvency II may affect your organisation.


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