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Acquisitions of (Re)insurance Undertakings by Private Equity Funds – Supervisory Statement of EIOPA

On 27 January 2026, the European Insurance and Occupational Pensions Authority (EIOPA) provided a Consultation Paper on a Supervisory Statement addressed to national supervisory authorities with the aim of ensuring...more

UK Regulator Sets Out Insurance Supervision Priorities for 2026

On 15 January 2026, the Prudential Regulation Authority ("PRA") published its annual letter setting out supervisory priorities for the UK insurance sector for the year ahead. What is the purpose of the PRA's 2025...more

Alternative Capital for the Life Insurance Sector

Introduction: The Prudential Regulation Authority (PRA) has for several years been heavily focussed on developments in the UK life sector. A significant part of the focus has taken the form of tightened regulatory...more

PRA Update on Approach to FundedRe

In its priorities for 2025, the Prudential Regulation Authority (PRA) signalled that it would remain focused on the bulk purchase annuity (BPA) market.1 In a speech on 18 September 2025, the PRA has duly delivered a further...more

The PRA's Letter to Chief Risk Officers on Solvency-triggered Termination Rights

The Prudential Regulation Authority ("PRA") has issued a letter, dated 4 July 2025, to Chief Risk Officers of life insurers active in the bulk purchase annuity ("BPA") market. The letter focusses on the use of so-called...more

PRA Consultation: Matching Adjustment Investment Accelerator (MAIA)

INTRODUCTION - The recent “Solvency UK” reforms to Solvency II represent the UK’s tailored approach to insurance prudential regulation post-Brexit, aiming to enhance flexibility and competitiveness in the insurance...more

BPA Market: a Key PRA Priority for 2025

The Prudential Regulation Authority ("PRA") has set out its 2025 expectations for UK insurers, by way of a Dear CEO Letter.  The areas are not exhaustive but do represent "thematic priorities". The themes will not come as a...more

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