Reinsurance News
UK
PRA’s new regulatory controls on funded reinsurance to accelerate risk mitigation: S&P
31st July 2024
S&P Global Ratings welcomes the Prudential Regulation Authority (PRA) new measures to control the spike in funded reinsurance (Funded Re) transactions and believes they will mitigate the associated risks, if implemented properly . This follows a warning from the PRA stating that the UK life insurance sector could face a ... Read the full article
Capacity Insights launches in UK, offering disruptive insurance solutions for travel and consumer lines
8th June 2023
Capacity Insights, a new underwriting managing general agent (MGA), has entered the insurance market with a focus on transforming the travel and consumer lines sectors. Founded by industry veterans Phil Denman as CEO and Jessica Tubb as Commercial Director, the MGA aims to provide personalised underwriting solutions based on market insights, ... Read the full article
UK motor insurance pricing hardening persists with 35% increase YoY: Jefferies
3rd April 2023
Analysts at Jefferies have reported that UK motor insurance pricing continues to harden, with a 35% increase year-over-year in February. The analysts write, "Our UK motor insurance tracker shows that premiums are +35% higher YoY in February and +3.4% higher versus the prior month. "Whilst this is encouraging, it is worth noting ... Read the full article
UK insurers should be able to navigate gilt volatility: Moody’s
30th September 2022
The current volatility in the UK’s gilt markets should be manageable for UK insurers, says an analyst at Moody’s. Last Friday, Kwasi Kwarteng, the UK’s new Chancellor of the Exchequer laid out a much-derided Budget that sought to slash taxes for high-earning households in the UK. Among the changes laid out by ... Read the full article
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