US Set To Sign Bilateral Insurance Pact With EU

Law360, Los Angeles (July 14, 2017, 6:44 PM EDT) -- U.S. authorities said Friday they intend to sign an agreement with the European Union designed to harmonize trans-Atlantic insurance and reinsurance rules by eliminating regulatory barriers and axing collateral requirements for EU reinsurers doing business in the U.S.

In a joint release, the U.S. Department of the Treasury and the Office of the U.S. Trade Representative said they will soon approve the pact with the EU, known as a covered agreement, and plan on issuing a policy statement in the coming weeks outlining how the agreement...
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