The UK has signed a deal with the US Treasury and Trade Representative’s office to allow US insurers and reinsurers to "cut red tape for their cross-border operations" after the UK leaves the EU on 29 March, 2019. Under the deal, which will be implemented in stages, insurance companies can now sell policies across Europe without having to go through an authorisation process that is currently required by British regulators.
The UK has signed a deal with the US Treasury and Trade Representative’s office to allow US insurers and reinsurers to "cut red tape for their cross-border operations" after the UK leaves the EU on 29 March, 2019. The agreement, signed on 19 December, will bring "regulatory certainty and continuity", according to a US statement.