BoE flags it may unilaterally ease EU insurance rule

Britain might ease a European Union rule blamed by insurers for jacking up capital requirements, the Bank of England said on Tuesday.British lawmakers want the BoE to "urgently" amend the risk margin in EU insurance capital rules known as Solvency II. This refers to a capital add-on to cover what a third party would need to safeguard policies if an insurer goes bust."In our view the calculation in Solvency II is wrong," Bank of England Deputy Governor Sam Woods told parliament's Treasury Select