28 October 2018Insurance

NAIC accused of deviating from spirit of Covered Agreement

Insurance Europe’s Reinsurance Advisory Board (RAB), a representative body for the European reinsurance industry, has accused the US National Association of Insurance Commissioners (NAIC) of deviating significantly from the original language of the bilateral agreement on re/insurance prudential measures, concluded between the EU and US in 2017, in its draft implementation plans.

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