Solvency II equivalency News

U.S. to Pursue Covered Agreement with EU for Re/Insurers

The U.S. Treasury and U.S. Trade Representative announced plans on Friday to negotiate a covered agreement on insurance with the European Union, a move it said will “level the regulatory playing field for U.S-based insurers and reinsurers.” Insurers and regulators …

Bermuda Adopts Solvency II ‘Equivalency’ Measures for ‘Open Insurance Markets’

A bulletin from Bermuda notes that the island’s parliament took regulatory action this week to align its regulatory insurance procedures, which it hopes will lead to “recognition by the European Commission as being fully equivalent under the insurance prudential regulatory …

ABIR Comments on ComFrame Supervision, Int’l. Insurance Capital Standards

In comments filed with the International Association of Insurance Supervisors (IAIS), the Association of Bermuda Insurers and Reinsurers (ABIR) offered its support for the development of insurance capital standards (ICS) and implementation of them via the Common Assessment Framework (ComFrame). …