Eiopa chairman reiterates 90% cession limit

The head of the pan-EU insurance regulator has warned carriers
setting up a post-Brexit presence in the trade bloc not to reinsure
everything back to London.
Gabriel Bernardino, chairman of the Frankfurt-based European
Insurance and Occupational Pensions Authority (Eiopa), told a
Reuters conference yesterday that carriers should plan to retain at
least 10 percent of business in the country they have selected for
their EU base.
"We see 10 percent of business being retained as a good
referential,"