European policy makers finally reached agreement on Solvency II in mid-November

After more than a decade of consultations, multiple impact assessments and intensive negotiations that led to significant changes and delays, European policy makers finally reached agreement on Solvency II in mid-November. The break though came after a final closed-door push from the European Commission, key Members of Parliament and the Council in the last two months that has kept observers in Brussels eagerly awaiting reports of progress.