Covered agreement talks 'not before time': Matcham

International Underwriting Association (IUA) chief executive Dave
Matcham has welcomed the start of US negotiations on an EU covered
agreement.
Earlier this month, the US Treasury Department and the US Trade
Representative notified congressional leaders that they intended to
launch negotiations towards a covered agreement governing the
international treatment of insurance prudential matters.
Matcham told this publication that the developments were
positive but long awaited.
"It's not before time