The American Council of Life Insurers (ACLI) joined other associations and reinsurers with the following statement today on the continuation of negotiations between the United States and the European Union on a “covered agreement” on insurance and reinsurance:

Washington, D.C., (December 13, 2016) -- “The undersigned organizations applaud the U.S. and the EU delegations' continuing commitment to reach an agreement that resolves significant insurance and reinsurance regulatory issues for companies doing business in both jurisdictions.   We urge the negotiators to bring these discussions to a prompt conclusion that results in a mutually beneficial agreement for all stakeholders.”

American Insurance Association

American Council of Life Insurers

Association of Bermuda Insurers & Reinsurers

Association des Professionnels de la Réassurance en France (French Reinsurance Association)

French Insurance Federation

Gesamtverband der Deutschen Versicherungswirtschaft (German Insurance Association)

Insurance Europe

International Underwriting Association of London

Munich Re

Odyssey Reinsurance Company

Property Casualty Insurers Association of America

Reinsurance Association of America

SCOR

Transatlantic Reinsurance Company

The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with approximately 280 member companies operating in the United States and abroad. ACLI advocates in state, federal, and international forums for public policy that supports the industry marketplace and the 75 million American families that rely on life insurers’ products for financial and retirement security. ACLI members offer life insurance, annuities, retirement plans, long-term care and disability income insurance, and reinsurance, representing 95 percent of industry assets. Learn more at www.acli.com.