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EU, U.S. strike deal to boost transatlantic insurance market
January 15, 2017 by creative · Leave a Comment
The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market. Under the deal, EU and U.S. authorities will lift requirements for reinsurers to hold more capital against risks if they operate from the other side of the Atlantic, eliminating one key hurdle for cross-border expansion. “This is a major deal that is set to benefit insurers, reinsurers and policy holders…
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EU, U.S. strike deal to boost transatlantic insurance market