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...The BoE’s Prudential Regulation Authority, which supervises insurers, warned last year that the systematic use of so-called funded reinsurance deals posed “significant potential risks” to UK pension providers...
...The Bank of England’s Prudential Regulation Authority, which supervises insurers, declined to comment....
...When insurance companies cede risk to reinsurers, they heavily scrutinise them either directly or via careful monitoring of their credit rating reports....
...Lloyd’s said it had received approval from the Prudential Regulation Authority and Financial Conduct Authority. The PRA and FCA declined to comment....
...Diamond will publish its targeted valuation as a reorganised company in the coming weeks....
...Rising interest rates have lit a fire under the so-called bulk annuity market, where companies offload their pension liabilities, and the assets backing them, to insurers....
...The Bank of England’s Prudential Regulation Authority, which supervises insurers, warned last year that the systematic use of so-called funded reinsurance deals posed “significant potential risks” to UK...
...In a speech earlier this year, the Bank of England’s Prudential Regulation Authority, which oversees insurance companies, called for moderation “in the face of considerable temptation” to do deals....
...Australia’s prudential regulator made one of its key supervision priorities this year the “availability, affordability and sustainability” of insurance....
...Other jurisdictions have stolen a march on the UK in developing bespoke regulatory frameworks for captive insurance companies: entities set up within a group of companies to effectively self-insure risks...
...The BoE’s Prudential Regulation Authority, which supervises the sector, put 16 life insurers through a stress test of credit downgrades and increased longevity....
...In 1997 Bowie considered selling his master recordings before deciding to instead work with the insurance company Prudential to issue “Bowie bonds” that used future royalties from his songs as collateral...
...Lloyd’s will seek approval for the model from the UK’s prudential regulator, expected by the end of the year....
...In March, California-based Universal Hydrogen carried out a test flight of a 40-seater plane with one of its engines powered by a fuel cell....
...Pope told me he was living under no illusions of universal popularity. “I’m always going to be the bad guy in some people’s eyes,” he said as we sipped at our coffees in San Jose....
...In China, companies including Toyota and Foxconn halted factory operations for at least a week as hydropower shortages worsened....
...For example, TSMC’s capital expenditure for 2022 will be $36bn, and this month the company announced plans to triple its investment in Arizona from $12bn to $40bn in the coming years, where it will also...
...Up this time round: Martin makes the case for the universal basic income....
...It has previously said any exposure net of reinsurance had been passed to Tokio Marine in the 2019 deal....
...The company said the deal would separately free up $4bn of capital from these older policies and improve its solvency ratio, a measure of how much capital an insurer has against the regulatory minimum....
...While a large proportion of customers live in deprived areas and have a median income of £15,000, Rahman emphasises this is not universal....
...arising from the failure of the insurance or reinsurance undertaking as soon as a resolution power is used”....
...And so based on that list, that was our sort of universal of starting points where we started writing to those banks....
...“The universal obstacle to recruiting is cost of living, particularly housing....
...Budapest Bank was a modern universal bank with retail, corporate and investment services....
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