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Mensuel de mars 2021 - Assurances

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Insurance-related restrictions on dividend payments and other distributions
By Laurent MASSINON, Partner Cindy Van ROSSUM, Associate, DLA Piper   Like every other individual and company in the world, Luxembourg insurance and reinsurance companies (“Companies” or “Company”) cannot avoid the consequences of the COVID-19 pandemic. Since 1 August 2020, Companies have been restricted in making dividend payments and other distributions.   1. History of the measures   Back in March 2020, the European Insurance and Occupational Pensions Authority (EIOPA) released a statement on the payment of dividends and variable remuneration policies in the context of the COVID-19 pandemic.   All (re)insurers were required to take measures to preserve their capital position, balancing...
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