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ARTICLE · 17 DECEMBER 2018

US And UK Finalize Bilateral Agreement Regarding Insurance And Reinsurance

Clyde & Co
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On December 11, 2018, the US Treasury and the US Trade Representative's office announced the finalization of the Bilateral Agreement between the United Kingdom and the United States of America...

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Vikram Sidhu
Vikram Sidhu
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On December 11, 2018, the US Treasury and the US Trade Representative's office announced the finalization of the Bilateral Agreement between the United Kingdom and the United States of America on Prudential Measures Regarding Insurance and Reinsurance (the "US-UK Bilateral Agreement"), which has been sent to the US Congress for review. It is subject to a 90-day notification period to the US Congress before it can be signed and come into effect. The US-UK Bilateral Agreement should preserve for the UK post-Brexit what the UK had gained as an EU member through the Bilateral Agreement between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance (the "US-EU Covered Agreement") that was agreed in 2017.

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