If the existing service is 120/240 3-wire then you may still be able to use the existing service to feed the two panels. If the panels both have 120 Volt loads you could balance the panels. One ungrounded conductor and common neutral would feed one of the 200 A panels and the other ungrounded conductor and common neutral would feed the other 200 A panel. The existing service would have a 200 A main circuit breaker but each panel would still be able to take 200 A simultaneously when balanced. If one panel CB is open then all 200 A would flow through the neutral instead.