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Plans to reduce regulatory reporting restrictions for UK insurers and mutuals under the Solvency II Directive have been published by the Prudential Regulation Authority (PRA). 15 Jan 2018
Two sets of regulations that will create a framework for issuing, regulating and taxing insurance linked securities (ILS) in the UK have been approved by a committee of MPs. 05 Dec 2017
Part VII of the 2000 Financial Services and Markets Act (FSMA) sets out the statutory mechanism allowing insurers and reinsurers to transfer portfolios of insurance business from one entity to another, subject to court approval.
The EU's Solvency II Directive came into force on 1 January 2016. The directive consolidates and harmonises existing EU insurance directives including life and non-life directives, the reinsurance directive and various others.
This guide is based on UK law. It was last updated on 1st April 2008.
ANALYSIS: The introduction of a new robust reinsurance framework in the UAE would be a major step towards growing the local market, but it may not convince international reinsurers to move away from the current practice of spreading risk through other international... 04 Dec 2017
The European Insurance and Occupational Pensions Authority (EIOPA) has warned UK financial firms that they should not rely on leniency from local regulators in the EU if the UK exits the trading bloc without a deal on the cross-border provision of financial... 28 Nov 2017
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