US requirements put EU insurers at disadvantage
Thursday, 09 22 2016, Category: Insurance and Reinsurance, Country: United States
European re/insurers are at a competitive disadvantage when writing risks in the US due to the “highly discriminatory” collateral requirements, said Insurance Europe ahead of further negotiations between the EU and US on a bilateral agreement on re/insurance.
Cristina Mihai, head of international affairs and investments at Insurance Europe, said: “Insurance Europe reaffirms its support for a swift conclusion to the negotiations, which should lead to a national uniform treatment of all European (re)insurers placing business in the US”.
Source: Intelligent Insurer