Insight and Intelligence on the London & International Insurance Markets

18 November 2017

Search archive

PRA could allow interim capital additions after $200bn loss

Catrin Shi 31 January 2017

The UK Prudential Regulation Authority (PRA) could permit "back of a fag packet" capital add-ons to allow carriers time to properly adjust their Solvency II internal models following a market-changing event, according to director of general insurance Chris Moulder.

Moulder made the comments at a conference following the publication of a stress test white paper, which found that the London market would withstand two major events that incurred cumulative insured losses of $200bn.

The paper did not outline company-specific losses,...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2017. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π