The U.S. Department of the Treasury, together with the Office of the United States Trade Representative, hosted European Commission representatives in Washington for the seventh meeting of the Joint Committee established under the 2017 U.S.-EU Agreement on Prudential Measures Regarding Insurance and Reinsurance. The sides exchanged updates on implementation and administration of the agreement, reaffirmed its importance, and agreed it is functioning well. The agreement covers reinsurance, group supervision, and the exchange of insurance information between supervisors. It is a “covered agreement” under the Dodd-Frank Act for the United States and an agreement under Articles 114 and 218 of the Treaty on the Functioning of the European Union for the European Union.
U.S. Department of the Treasury 2025-04-30
U.S. Department of the Treasury hosts seventh U.S.-EU Joint Committee meeting under the insurance prudential agreement
The U.S. Treasury and U.S. Trade Representative hosted European Commission representatives for the seventh meeting of the Joint Committee under the 2017 U.S.-EU Agreement on Prudential Measures Regarding Insurance and Reinsurance. The parties exchanged updates on the agreement's implementation, reaffirmed its importance, and agreed on its effective functioning. The agreement addresses reinsurance, group supervision, and insurance information exchange between supervisors.