EU gets clearance to sign covered agreement with US

The European Council has formally approved the covered agreement
with the US that would harmonise insurance and reinsurance
regulation across the Atlantic, authorising EU officials to sign
the accord in a move that may prompt action in Washington.
The council, the strategic decision-making body of the EU, came
to the decision last week in a meeting in Brussels. It cited the
benefits of improved regulatory certainty for carriers and
protection for policyholders under the pact.
Council officials a