Insurance Regulation & Accounting
Block exemption faces extinction
John Pheasant and Jean-Michel Coumes of Hogan & Hartson return to these pages to assess the mood of the European Commission as it prepares to decide the fate of the insurance block exemption beyond 2010
On April 17, 2008, the Commission launched a public consultation into whether it should renew the Insurance Block Exemption
Regulation
1
(‘the Block Exemption’) upon its expiry in 2010. The consultation follows a sector inquiry which the Commission launched in
April 2005 into business insurance.