Reinsurers in Europe and US benefit from regulatory agreement
Thursday, 01 19 2017, Category: Insurance and Reinsurance, Country: Europe
Abolishing regulatory requirements that mean EU and US reinsurers must post collateral for their transatlantic business will provide an important boost to reinsurers' liquidity and investment freedom, according to Fitch Ratings.
The rating agency said the abolition of such requirements represents the most significant element of the recent bilateral EU-US agreement on insurance supervision and will release a large amount of capital currently locked up as collateral.
This will provide “an important boost to reinsurers' liquidity and investment freedom.
Source: Intelligent Insurer