Insight and Intelligence on the London & International Insurance Markets

24 January 2018

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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,...

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