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US To Sign Deal With UK On Post-Brexit Insurance Trade

Law360, London (December 12, 2018, 10:01 PM GMT) -- The U.S. government said Wednesday that it intends to sign a sweeping agreement with the U.K. that will help American firms keep pushing into the world’s fourth-largest insurance market after Britain exits the European Union.

The U.S. Treasury Department and U.S. Trade Representative said in a statement that they were ready to sign a bilateral deal covering transatlantic prudential requirements for insurers and reinsurers with the British government. The U.S. administration has sent the deal to Congress, which has 90 days to review the 24-page text before it can be signed into effect.

The deal would extend to Britain the benefits...

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