Group supervision and solvency vex US and EU regulatory talks

The US and Europe are at loggerheads over finding a common regulatory framework for insurers. But as they struggle to come to a resolution the IAIS is looming, with its own approach to global regulation that could undermine them both. Louie Woodall reports

Europeans and Americans have hardly seen eye-to-eye on regulatory reform. In recent years, a flurry of new initiatives has been proposed on both sides of the Atlantic to tackle the issues of solvency and systemic risk. However, neither jurisdiction has warmed to the ideas of the other. When a delegation from the European Insurance and Occupational Pensions Authority (Eiopa) ventured to the US to discuss the issue

of US equivalence with Solvency II with the National Association of Insurance