Andrea Best

Oct 4, 2024 | natlawreview.com | Andrea Best

In September 2017, the European Union and the United States executed a bilateral treaty called the US-EU Covered Agreement, which for the first time ever permitted US ceding insurers to receive 100% credit on their statutory financial statements for reinsurance purchased from EU reinsurers – without EU reinsurers having to post any collateral.

Oct 4, 2024 | jdsupra.com | Andrea Best |Thomas Dawson

In September 2017, the European Union and the United States executed a bilateral treaty called the US-EU Covered Agreement, which for the first time ever permitted US ceding insurers to receive 100% credit on their statutory financial statements for reinsurance purchased from EU reinsurers – without EU reinsurers having to post any collateral.