PRA hands Barents £1.8mn fine for governance and reporting failures
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PRA hands Barents £1.8mn fine for governance and reporting failures

The reduced fine reflected the PRA view that the breaches weren’t deliberate.

By Rebecca Perkins
July 28, 2025
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The UK Prudential Regulation Authority (PRA) has fined Barents Reinsurance S.A. (Barents) £1.79mn ($2.4mn) in respect of breaches relating to post-Brexit compliance in its London branch.

The

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Topics

Regulation News PRA Reinsurance Re/insurers London market UK and Europe Barents Re
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