Rims backs US-EU 'covered agreement' for reinsurers

Global risk management trade body Rims has thrown its support
behind the US-EU "covered agreement" aimed at harmonising
transatlantic insurance regulation, saying it will "improve
affordability and availability of reinsurance".
In a letter to US Treasury Secretary Steve Mnuchin, dated 11
April but released today, Rims cited provisions in the agreement
that would benefit its members, who conduct business in both the EU
and the US.
The 11,000-member group added that while risk managers would not
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