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EIOPA urges insurers to halt dividends, buybacks, and bonuses
EIOPA, the EU’s insurance and pensions regulatory body, is urging insurance companies to halt dividends, buybacks and bonuses in the wake of the Covid-19 outbreak. A statement released on 17 March 2020 stated: “Against this background of uncertainty, EIOPA urges that at the current juncture (re)insurers temporarily suspend all discretionary dividend distributions and share buy backs aimed at remunerating shareholders. This suspension should be reviewed as the financial and