RAA praises US/EU Solvency II talks

The Reinsurance Association of America (RAA) has said it was
"encouraged" by proposed talks between the US Treasury
and the European Union over a covered agreement once Solvency II
comes into force.
The trade body said that without third-country equivalence,
US-domiciled insurers with European operations would stand at a
competitive disadvantage.
The talks will see the Treasury along with the United States
Trade Representative enter into negotiations with the EU to
establish how the US will be t