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Solvency II finally begins to make impact
10 October 2012
The UK legacy market continued to shrink in 2011 but the long-predicted impact of Solvency II may finally be beginning to make its mark on the sector.
These were two of the conclusions from KPMG's annual survey on the sector, which noted that the UK legacy market is now at its smallest since a decade ago - when the study began.
The UK sector's non-life run-off liabilities fell £1.4bn in 2011 to £11.2bn, against £16bn in 2002, as the industry...
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