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EU, U.S. To Continue Negotiations For Deal Under New Solvency Directive

July 28, 2016 at 12:00 PM
The U.S. and European Union met this week to discuss an agreement that would ensure the U.S. insurance and reinsurance industries are deemed equivalent to the EU's under new prudential provisions, a move needed to ensure unfettered access to EU markets. Officials from the two sides met in Brussels from July 25-26 to continue work on an agreement that would make the U.S. industry equivalent to the EU's under Solvency II, which was implemented on Jan. 1 of this year...

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