Insurance Insider analyzed how the long-awaited final draft of Solvency II has brought the debate over "equivalency" status and, in particular, the status of US insurance regulation centre stage. The article, "Solvency II Agreement Highlights ‘Equivalency’ Debate
," cited Edwards Wildman
numerous times. According to Edwards Wildman, the new rules could be good news for European reinsurers, as the impact on the weighting of reinsurance bought from third country carriers was likely to drive trade to firms regulated under Solvency II. Furthermore, Edwards Wildman added, "This seems to be positive news for European insurers and reinsurers with US and Canadian subsidiaries, but it could be detrimental to US and Canadian reinsurers and groups. US and Canadian groups may also find themselves notionally divided, for group supervision purposes, into two different but overlapping groups, with two different group supervisors to report to and manage."