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Posted in Market developments, USA

NAIC holds first hearing on EU-U.S. covered agreement reinsurance collateral elimination

In a much anticipated public hearing, The National Association of Insurance Commissioners (“NAIC”) discussed how U.S. states should address the elimination of reinsurance collateral requirements for EU reinsurers of U.S. insurance business that qualify under the bilateral agreement between the U.S. and the EU (the “Covered Agreement”).

To learn about key takeaways from the hearing and next steps planned by the NAIC, please click here for a full analysis.