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Tag Archives: prudential supervision

Posted in Regulatory and legislative updates, UK

Brexit planning: The UK enters into agreements with the U.S. and Switzerland to replicate existing agreements

Introduction On 18 December 2018 the UK and the U.S. signed an agreement on the prudential supervision of insurance and reinsurance companies. Shortly thereafter, on 25 January 2019, HM Treasury announced that it had signed an agreement with Switzerland on direct insurance. These agreements form part of the UK Government’s Brexit preparations: after the UK