US-EU covered agreement: a rocky road to implementation

Published in: Risk, Reinsurance, Regulation, Associations, UK, Rest of Europe, US - Canada - Bermuda, Brexit

Companies: National Association of Insurance Commissioners, NAIC, Carlton Fields, Association of British Insurers, ABI, National Association of Mutual Insurance Companies, Namic, European Commission, US Treasury

US regulators have raised the ire of their European counterparts with their implementation of the covered agreement for reinsurance collateral negotiated last year. With no resolution in sight, states risk provoking a pre-emption of the law which could see the federal government taking control. US editor Sarfraz Thind reports

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