A decision regarding of the largest lingering questions in the regulatory arena, whether the United States would be granted regulatory equivalence by members of the European Union, appears to be imminent.
In a research note, ratings firm Fitch said it expects the U.S. solvency regime for insurers to achieve equivalence with the European Union's Solvency II requirements, despite the fact that the United States was not included in the first wave of third-country assessments announced last week. The issue of regulatory equivalence is important for both U.S.-based insurers operating in Europe as well as European companies with U.S.-based subsidiaries.
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