EU has adopted the Insurance Recovery and Resolution Directive (IRRD)
On 27 November 2024, the EU legislator adopted the Directive (EU) 2025/1 of 27 November 2024 establishing a framework for the recovery and resolution of insurance and reinsurance undertakings (the “IRRD”). The IRRD must be transposed into national law, including Belgium, by 29 January 2027, with its provisions becoming applicable as from 30 January 2027. […]
