X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

EU Directive May Impact U.S. Reinsureds U.S. insurance companies that buy reinsurance from companies in Germany, Sweden or Great Britain may have more than hard market conditions to consider once an EU “directive” is implemented in the second quarter of this year.

The European Union directive, which creates guidelines for insolvency procedures for insurance companies in EU countries, may cause reinsurance buyers to reconsider ceding business to companies that arent among the financially strongest players in those countries or from those reinsurers that also include direct writings among their coverage offerings.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.