Agreement with Europe critical for US reinsurers
Thursday, 12 15 2016, Category: Insurance and Reinsurance, Country: United States
The Reinsurance Association of America (RAA) has urged the European Union and the US to finalise the bilateral agreement relating to prudential re/insurance matters.
RAA is particularly concerned that negotiations have not yet concluded in a covered agreement that will benefit companies doing business on a cross-border basis in the EU and the US.
The agreement must be finalised as soon as possible, RAA said, as it is critical to US reinsurers who continue to encounter new challenges doing business in the EU as Solvency II is implemented across the member states.
Source: Intelligent Insurer