United States Could Receive European Solvency II Equivalence, Says Fitch

Fitch Ratings Ltd. said that it believes the United States will achieve Solvency II equivalence.

“It would help European insurers and reinsurers with U.S. operations, which would otherwise face the same capital requirements in the United States as locally owned companies plus the extra capital requirements of Solvency II—a competitive disadvantage when pricing products,” according to the analysis. “The U.S. insurance market would gain the capital and investment that European companies bring via their U.S. subsidiaries.”

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Article by Claude Penland in May, 2011.

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