EU-US COOPERATION
May 1st, 2005
BY KEITH NUTHALLDISCUSSIONS between the European Union (EU) and the United States on the mutual recognition of insurance of commercial risks in both jurisdictions will start "in the near future", a European Commission policy paper has claimed. 'A stronger EU-US Partnership and a more open market for the 21st century' also notes optimism that "solutions to remove collateral requirements for EU reinsurers doing business in the US should be found" by Brussels and Washington working together. The paper also singles out the US insurance sector from other financial ...
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