For optimal functionality and an enhanced user experience, the following browsers are recommended when using aiadc.org: Chrome (version 4x), Mozilla Firefox (version 3x) or Internet Explorer (IE) versions 9, 10 & 11. Some of our site’s features may not function as you might expect if you are using an older browser (IE7 or IE8).

AIA Statement on the Impending Covered Agreement Signing

Contact: Marguerite Seidel
(202) 828-7196

WASHINGTON, D.C. SEPTEMBER 22, 2017 -- The American Insurance Association issued the following statement in response to the impending signature of the Covered Agreement on insurance and reinsurance prudential measures between the United States and European Commission. The agreement establishes mutual acknowledgement of prudential supervision in the European Union and the United States, which will eliminate barriers in Europe that U.S. groups have faced since the implementation of the EU’s Solvency II framework for insurance supervision. 

A statement from Stef Zielezienski, AIA’s Senior Vice President and General Counsel, follows:

“AIA welcomes today’s news and greatly appreciates the hard work from U.S. and EU officials to get us here. When negotiations began, U.S. insurance and reinsurance groups were facing growing obstacles to their ability to do business in Europe, but this agreement removes those barriers – affirming not only each other’s regulatory systems, but also their commitments to non-discriminatory treatment and open, reciprocal, competitive insurance markets. As both sides now turn to implementation of this important agreement, the industry stands ready to help in any way we can.”


 

###

The American Insurance Association (AIA) is the trade association for today’s leaders in the property-casualty insurance industry.  Our members work each day to protect the American Dream, whether that’s a house, car, business or otherwise.  Now more than 150 years old, AIA has an unparalleled record of advocating on state, federal and international issues for insurers and their customers.

Our membership is comprised of more than 320 companies, collectively writing more than $125 billion in premiums each year.

We have the experience of a veteran organization coupled with the innovative ideas that drive our industry forward. AIA is leading the insurance industry into the second half of the 21st Century… today.


AIA tweets

For homeowners affected by the #wildfires - these tips may help wrt #insurance https://t.co/p0VspJeeTY

15 Hours Ago

Love this video for today's #ShakeOut & beyond! #GetYourKitTogether https://t.co/iyinCfax1C

20 Hours Ago

Tips #10 & #11 are especially key! #ThinkSafe h/t @Travelers https://t.co/asVN2IBYHR

20 Hours Ago

New #Crashtest @IIHS_autosafety reveal improvements in passenger safety https://t.co/PyDSjH0UgT @CNBC

22 Hours Ago

Media Contacts

Maggie Seidel
VICE PRESIDENT, PUBLIC AFFAIRS
(202) 828-7196
mseidel@aiadc.org

Rachel Wallen
PUBLIC AFFAIRS MANAGER
(202) 828-7149
rwallen@aiadc.org

 

AIA MEDIA

media_alert_promo_300.jpg

AIA_slider_First_Read_02_300.jpg