Skadden was pleased to return as a sponsor of ReDirect 2025, a conference focused on the UK and European life and annuity reinsurance sector. We joined a great lineup of fellow sponsors: Athene, Aviva, BMO, Brookfield, Canada...more
10/6/2025
/ Asset Management ,
Defined Benefit Plans ,
EU ,
IAIS ,
Insurance Industry ,
Insurance Regulations ,
Life Insurance ,
Pensions ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reinsurance ,
Reinsurance Agreements ,
Solvency II ,
UK
On 18 September 2025, Vicky White, director for prudential policy at the Prudential Regulation Authority (PRA), delivered a speech at the 30th Annual Bank of America Financials CEO Conference. The speech focused on the impact...more
This chapter of the Encyclopaedia of Prudential Solvency examines the prudential solvency regime in China. This chapter explores the historical context to China’s (re)insurance framework, which is key to understanding its...more
9/10/2025
/ Capital Requirements ,
China ,
Cross-Border Transactions ,
Financial Regulatory Reform ,
Foreign Investment ,
Insurance Industry ,
Insurance Regulations ,
Licensing Rules ,
Prudential Standards ,
Regulatory Oversight ,
Regulatory Requirements ,
Reinsurance ,
Risk Management
- What is new: The PRA has published a policy statement finalising reforms to the UK insurance special purpose vehicles regulatory framework, including changes to funding, grace periods, authorisation and contract...more
8/14/2025
/ EU ,
Financial Institutions ,
Funding ,
Insurance Industry ,
Policy Statement ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Regulatory Reform ,
Reinsurance Agreements ,
Risk Management ,
UK
What is new: The UK government has proposed a new regulatory framework for captive insurance companies, aiming to simplify regulations and enhance competitiveness in the financial services sector.
Why it matters: The...more
7/17/2025
/ Capital Requirements ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Insurance Industry ,
Life Insurance ,
Proposed Regulation ,
Prudential Regulation Authority (PRA) ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
UK
In a recent speech, Gareth Truran, the executive director of insurance supervision at the UK Prudential Regulation Authority (PRA), set out observations on growth in bulk purchase annuity (BPA) deals. The number of BPA deals...more
Undertakings in difficulty, in the context of Solvency II, refers to insurers that are either failing or likely to fail to meet their solvency capital requirement (SCR) or their minimum capital requirement (MCR) (together,...more
10/31/2024
/ Bank Recovery and Resolution Directive (BRRD) ,
Capital Requirements ,
EIOPA ,
EU ,
European Parliament ,
Exit Planning ,
Financial Institutions ,
Financial Services Industry ,
FSMA ,
HM Treasury ,
Insurance Industry ,
Lead Supervisory Authority ,
Legislative Agendas ,
Notification Requirements ,
Proposed Regulation ,
Prudential Regulation Authority (PRA) ,
Recovery Plans ,
Regulatory Agenda ,
Reinsurance ,
Solvency II ,
UK
This chapter discusses the valuation of assets and liabilities under Solvency II. Given that strategic asset allocation and investment management are key aspects of an insurer’s business, especially for life insurers, this is...more
“The Standard Formula’s” Rob Chaplin once again gives listeners a look at how to address some of the intricacies of Solvency II. In this episode, he is joined by Feargal Ryan for a discussion on how insurers should navigate...more
The PRA has released an important statement on its approach to funded reinsurance. Our view is that the statement endorses the conceptual principle that funded reinsurance (particularly to offshore counterparties) should best...more
8/2/2024
/ Banking Sector ,
Capital Requirements ,
Collateral Agreements ,
Financial Institutions ,
Financial Services Industry ,
Insurance Industry ,
Life Insurance ,
Prudential Regulation Authority (PRA) ,
Regulatory Requirements ,
Reinsurance ,
Risk Management ,
Solvency II ,
Standard Contractual Clauses ,
UK
“The value of technical provisions should correspond to the amount which another insurance or reinsurance undertaking (the reference undertaking) would be expected to require to take over and fulfil the underlying insurance...more
In recent years, demographic changes and macroeconomic factors have led to significant growth in insurance markets. Within insurance markets, a much more active market in trading “back-books” of insurance liabilities has...more
5/22/2024
/ Bermuda ,
Corporate Governance ,
EIOPA ,
Financial Institutions ,
Insurance Industry ,
Investment ,
NAIC ,
ORSA ,
Private Equity ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Reinsurance ,
Shareholders
In our fourth installment of “The Standard Formula” Back to Basics series, host Robert Chaplin is joined by Feargal Ryan for a detailed discussion on group supervision under Solvency II. Topics covered include circumstances...more
Global M&A Activity Endures Headwinds in 2023 and Displays Resilience Going Into 2024 -
Despite market headwinds, dealmakers have looked to carveouts, spin-offs, joint ventures and other creative deal structures to engage...more
12/22/2023
/ Acquisitions ,
Antitrust Provisions ,
Banking Sector ,
Capital Markets ,
China ,
Climate Change ,
Commercial Real Estate Market ,
Competition ,
Controlling Stockholders ,
Corporate Governance ,
Cross-Border ,
EU ,
Exit Strategies ,
Financial Services Industry ,
Geopolitical Risks ,
Global Dealmaking ,
HKEx ,
Insurance Industry ,
Joint Venture ,
Merger Controls ,
Mergers ,
Private Equity ,
Regulatory Agenda ,
Risk Management ,
Securities ,
Short-Term Loans ,
Takeovers ,
Technology Sector ,
UK
Models that have historically been used by insurers to hedge risk were not designed to predict uncertain events such as natural disasters that may be exacerbated by climate change. This now leaves insurers overexposed to...more