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Update to UK Insurance Special Purpose Vehicle published by PRA

( July 24, 2025, 10:57 GMT | Official Statement) -- MLex Summary: Britain's insurers have received a finalized update to the UK Insurance Special Purpose Vehicle from the Prudential Regulation Authority — the regulatory arm of the Bank of England. The UK ISPV helps insurance and reinsurance companies to manage large or unusual risks by connecting them with outside investors. Vicky White, director for prudential policy said: “These reforms will deliver a much faster turn-around time for approval of new Insurance Special Purpose Vehicles in the UK, supporting growth and competitiveness while maintaining safety and soundness.”Statement follows and documents are attached....

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