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Past Event
21 December 2017

Europe
5:00 p.m. – 5:30 p.m. CET
4:00 p.m. – 4:30 p.m. GMT

United States
11:00 a.m. – 11:30 a.m. EST
10:00 a.m. – 10:30 a.m. CST
9:00 a.m. – 9:30 a.m. MST
8:00 a.m. – 8:30 a.m. PST

Speakers

  • Lawrence R. Hamilton
    T +1 312 701 7055
  • Jay A. Kallas
    T +1 312 701 7467
Teleconference

US/EU Agreement on International Reinsurance Collateral Standards

On September 22, 2017, after nearly two years of negotiations, the US Department of the Treasury, US Trade Representative and European Union executed the Bilateral Agreement between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance. Commonly referred to in the insurance industry as the “Covered Agreement,” it finalizes the United States and European Union’s approaches regarding several areas of insurance regulation that have long been a source of controversy, including reinsurance collateral requirements, group supervision, the exchange of information between regulators and local presence requirements in the European Union.

Please join Mayer Brown partner Larry Hamilton and counsel Jay Kallas as they discuss:

  • The history of the Covered Agreement and the next steps to be taken by the states to implement it
  • Substantive requirements of the Covered Agreement’s provisions with respect to reinsurance collateral
  • The commercial impact of the Covered Agreement on the insurer-reinsurer relationship
  • The potential impact on non-US reinsurers outside the European Union

Related Multimedia

Play Audio
Audio
21 December 2017
(To listen to this teleconference, please request access to the audio file.)
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