Covered Agreement with the European Union (EU) News

Ending Collateral Requirements for Non-U.S. Reinsurers – It’s Been a Long Time Coming

Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the United States — changes that have been more than 20 years in the making. Effective Oct. 1, 2022, reinsurers, which …

U.S. Signs Agreement with UK Covering lnsurance Regulation Post-Brexit

As they previously announced they would do, the U.S. Treasury and U.S. Trade Representative have officially signed an agreement with the United Kingdom to provide insurance regulatory continuity after the country exits the European Union. The Trump Administration also issued …

U.S. and EU Sign Covered Agreement on Insurance Regulation

The United States and European Union have scheduled a ceremony for today for the signing of a bilateral agreement on prudential insurance and reinsurance measures. Both sides announced in July their intention to sign the agreement, also known as a …

Trump Administration to Sign Insurance Regulation Pact with European Union

The U.S. Treasury Department and the Office of the U.S. Trade Representative said they will sign the bilateral agreement between the United States and the European Union regarding regulation of insurance and reinsurance. In addition to signing the so-called covered …