NAIC questions EU-US reinsurance covered agreement, considers renegotiation


The US state insurance regulator National Association of Insurance Commissioners (NAIC) is asking for clarifications on the negotiated covered agreement between the EU and the US which removes collateral and local presence requirements for reinsurers from the opposite side of the Atlantic, and suggested that the agreement might have to be renegotiated.

National Association of Insurance Commissioners, Reinsurance Association of America, Reinsurance, Insurance, Europe, North America

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