Deal on reinsurance collateral stalls over bureaucratic hurdles

27 August 2015

Published in: Risk, Capital, Regulation, Solvency II, UK, Rest of Europe, US - Canada - Bermuda

Companies: European Commission, European Council, Federal Insurance Office, FIO, United States Trade Representative, USTR, Reinsurance Association of America, RAA, National Association of Insurance Commissioners, NAIC

Negotiations between the EU and the US were scheduled for before the summer, but have yet to start. There is a growing concern that the delay thwarts plans to grant the US equivalence status under Solvency II before the regime goes live. Hugo Coelho reports.