UK insurance body calls for 'equivalence' in access to EU reinsurance post-Brexit
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LONDON (Reuters) - Britain should seek "equivalence" based market access to the European Union for the reinsurance market after Brexit, insurance lobby group London Market Group (LMG) said on Monday.Equivalence refers to the EU granting market access for a foreign financial firm if it determines that the firm's home rules are equivalent, or aligned closely enough, to regulation in the bloc."An EU determination of reinsurance equivalence under Solvency II is vital in case a future agreement does..