The Bank of England (BoE) has appointed Sam Woods as deputy governor for prudential regulation and CEO of the Prudential Regulation Authority (PRA), the central bank announced today (8 April).
Nephila's Syndicate 2357 declared a profit of $16.7mn for 2015, more than double the $7.9mn reported in 2014, following its first full year of underwriting.
Credit Suisse is progressing its plans to issue an operational risk insurance securitisation after a major single investor said it would take at least SwF100mn ($105mn) of the transaction, sister publication Trading Risk has reported.
