Insurers Doubt EU Solvency II Agreement Will Be In Place By Year's End

The United States may be out of time to get a bilateral deal in place this year that ensures the domestic insurance industry has unfettered access to European Union markets under new EU prudential regulations, according to several U.S. insurance industry sources. A meeting between U.S. and EU government officials scheduled for later this month may be the last shot at reaching a deal, known as a covered agreement, by the end of the year. Even then, there is a...