WASHINGTON (Sputnik) — Insurance companies, as well as re-insurers such as Lloyds of London, are seeking a level playing field as they compete for customers on both sides of the Atlantic.
"US and EU representatives made progress on key issues, and identified next steps toward a possible completion of negotiations in the near future," the release stated on Tuesday.
A two-day meeting earlier this month marked the latest in a series of negotiations that began in November 2015, the release explained.