Commentary on Title IV of Directive 2009/138/EC on the Taking up and Pursuit of the Business of Insurance and Reinsurance (Solvency II)

Until 2009, the European law of insurance was set out in a plethora of different Directives. The key legislation dealing with insurance insolvency was Directive 2001/17/EC on the reorganisation and winding-up of insurance undertakings (IWUD).