Solvency II extra year is vital for Spain

Many in Spain's insurance industry are struggling to keep up the momentum needed to be ready for the onerous demands of Solvency II. So both regulators and insurers in Spain seem to be grateful to have at least an extra year to prepare for implementation of the directive, as Lorna Davies reports


More insurers to be downgraded?

Allianz and CCR amongst those already downgraded by AM Best


More European insurers downgraded

Groupama, Mapfre and Generali the latest