Common Contracts

Settlement Agreement between the Central Bank of Ireland and Arch Reinsurance Europe Underwriting dac

Settlement Agreement • March 22nd, 2016

• Contract Type
  Settlement Agreement
• Filed
  March 22nd, 2016

The Central Bank of Ireland (the “Central Bank”) has issued a fine of €275,000 and a reprimand to Arch Reinsurance Europe Underwriting dac (the “Firm” or “Arch Re Europe”) for breaches of the Corporate Governance Code for Credit Institutions and Insurance Undertakings 2010 (the “Corporate Governance Code”) 1 . This Corporate Governance Code sets out minimum core