Regulation

The PRA has proposed that where non-life legacy transfer deals involve a carrier in run-off, the acquirer may have to go through a Section 166 review under certain circumstances.

Insurers said it’s too early to talk loss quantum, but believe they are well poised to deal with any future losses.

The regulator has set out timelines and the high-level scope for its 2022 stress-testing exercise with insurers.

The regulator’s proposals also suggest there should be at least one senior board member from a non-white ethnic minority background at every listed firm.

The regulator has responded to industry feedback with final changes to rules for SPAC listings, creating an easier path for firms taking this route.

Plus the latest on UK BI legal wrangling and all the top news from this week.

Huge disputes over aggregation of claims and ongoing coverage disputes point to uncertain overall exposures.

The executive spoke exclusively to Insurance Insider about his role leading the London Market Group’s five-point plan to lobby for UK regulatory reforms.

Craig Swan will become CEO of the monetary authority, after working as deputy CEO for 21 months.

The regulator has launched its Quantitative Impact Study, which will gather data for potential changes to balance-sheet requirements under Solvency II.

New CEO Nikhil Rathi says the watchdog will become “proactive, tough and agile”.

Better, faster, cheaper and less burdensome. These are just a few characterisations of Solvency II reforms the industry would like to see, sooner rather than later.