Publication

The insurance regulator sets out its expectations for funded reinsurance

calendar icon 01 August 2024
time icon 5 min

Authors

Lara Desay

Lara Desay

Partner and Risk Transfer Specialist

Michael Abramson

Michael Abramson

Partner and Risk Transfer Specialist

On 26th July, the PRA issued its long-awaited supervisory statement setting out its expectations for insurers entering and holding funded reinsurance contracts alongside a ‘Dear CEO’ letter to life insurers on its implementation approach.

In our latest 'Dive into pensions de-risking' publication, we explore what funded reinsurance is and why it has become prevalent in the bulk annuity market; along with details of the supervisory statement and how it will impact pension schemes looking to enter into a buy-in or buy-out.

Read the full publication here

If you have any questions about anything covered, please don't hesitate to get in touch.

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