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North American re/insurers have warned of a catastrophe that could bankrupt the insurance industry - and it's nothing to do with hurricanes or earthquakes, as Josh Geer reports
Ongoing concerns about recognition of aggregation approach to group capital requirements
Could act as "backdoor to force foreign regulations on US companies"
Reinsurance collateral no substitute for equivalence, ABIR's Brading tells US insurers
EU-US deal "can set a precedent" for future regulatory agreements
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.
US-based reinsurers could be at a disadvantage
Europe's politicians are demanding a greater say in which countries can be deemed equivalent to Solvency II, amid fears that the European Commission is not moving fast enough with decisions that are crucial to insurers worldwide. Sarfraz Thind reports
The SMI is only partly related to Europe's move towards Solvency II, says the NAIC. There are similarities between the two which might smooth the path to equivalence between them, but US critics of the SMI could cause delays. Lorna Davies reports.