U.S.-European Union Negotiations To Continue On Insurance Regulations

Negotiations will continue after the United States and European Union fell short of an agreement last week that would ensure U.S. insurance and reinsurance companies can continue to operate under the EU's new prudential regulations, according to sources familiar with the discussions. One source said, based on the limited information available, that it sounds like the two sides “made a lot of progress” toward reaching a covered agreement , and are at a point where “they need to do some...