Aviva director describes directive as a 'unique opportunity'

Aviva has welcomed the draft EU Directive on Insurance and Reinsurance Supervision (Solvency II), which was proposed yesterday by the European Commission.

Philip Scott, who will become group finance director of Aviva tomorrow, said: "Solvency II is a unique opportunity to create a modern, future-proof insurance supervision framework, for the benefit of policyholders, insurance companies and the wider economy. "