McGavick laments 'burdensome' Solvency II

XL Catlin CEO Mike McGavick has criticised the complexity of the
Solvency II regime, which came into effect almost six months
ago.
"The most complex and most burdensome regulatory system in
the world is Solvency II," McGavick told delegates at the
International Insurance Conference hosted by Insurance Europe in
Dublin last week (25 May).
Speaking during a panel session, McGavick said that the regime
could impede the competitiveness of carriers globally.
"If you are under that regime you have the