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Funded reinsurance and offshore financing a concern for the PRA
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Funded reinsurance and offshore financing a concern for the PRA
The Bank of England (BoE) is hardening its approach on the use of funded reinsurance and offshore financing by UK life insurers, aiming to balance innovation with financial stability as the bulk purchase annuity (BPA) market continues its rapid expansion. In a speech at the Bank of America annual CEO conference, Vicky White, the BoE’s director of prudential policy, addressed the growing use of these financial instruments and indicated the centra…
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