Knocking down barriers

Reinsurance

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Reinsurance firms are about to see a shift in the way they do business in Europe. Following the passing of a new reinsurance directive by the European parliament on June 7, reinsurers will no longer have to post collateral in the European countries that they do business. And with a single set of regulations agreed for Europe, politicians are now turning their attention to the US, with some muttering about the possibility of raising the issue with the World Trade Organisation if collateral

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