Reinsurers to keep units in EU/US despite Covered Agreement: AM Best


While reinsurers are no longer obliged to have a branch or subsidiary on the other side of the Atlantic to be able to operate there after the implementation of the EU-US Covered Agreement, they are likely to keep the local units, according to ratings agency AM Best.

EU-US Covered Agreement, Reinsurance, North America, Europe, Brexit, Lloyd's, Yvette Essen, Catherine Thomas

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