Industry trade organizations on either side of the Atlantic are applauding the formation of a joint working group designed to promote increased regulatory understanding and to reduce barriers to trade between the United States and European Union insurance markets.
The working group, dubbed the High Level Working Group on Jobs and Growth, was formed by the Transatlantic Economic Council. The TEC is an EU political body to oversee and accelerate government-to-government cooperation with the aim of advancing economic integration between the European Union and the United States.
The American Council of Life Insurers and CEA, the European insurance and reinsurance federation, said the joint working group could help in the push to expand the economic relationships between the U.S. and European insurance markets.
EU-Digest
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