US-EU covered agreement on reinsurance benefits members, says RIMS

RIMS, the US risk management society, has declared its support for the recently proposed US-EU covered agreement on reinsurance. In a letter to Steven Mnuchin, Secretary of the Treasury, US Department of the Treasury, RIMS president Nowell Seaman cites the covered agreement’s “propensity to benefit RIMS members by eliminating collateral requirements that would result in additional capital, increasing reinsurance capacity,…

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