Wednesday 2 October 2013 10:33 pm

Solvency II measures delayed

European insurance rules that have already cost British businesses at least £3bn have been delayed yet again, Brussels officials said yesterday, amid speculation they will never be implemented. The Solvency II measures, which substantially increases insurers’ capital requirements, will now not come into force until at least 1 January 2016. “There is still no guarantee that the deadline will be met,” said Colin Scagell of law firm Mayer Brown.