UK regulators posit operational resilience rules The PRA estimates that large firms could face one-off costs of up to £1.9mn to improve their resilience.
Pool Re proposes switching cover to treaty structure The deliberations come ahead of next year's HM Treasury review of the state-backed reinsurance scheme.
PRA reserves warning signals potential ‘reserving crisis’: Jefferies Analyst Philip Kett said carriers had become less conservative about booking incurred claims.
California regulator seizes control of Applied Underwriters unit The move follows an attempt to merge California Insurance Company with a New Mexico entity.
