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Funded reinsurance risks need tighter controls, UK prudential watchdog says

( September 18, 2025, 13:40 GMT | Official Statement) -- MLex Summary: The UK Prudential Regulation Authority is looking to tighten its rules to reduce the risks posed by funded reinsurance, a type of reinsurance where a life insurer transfers both the asset and liability risks associated with a portfolio of annuities to a reinsurer, often a third party. Vicky White, the watchdog's director of prudential regulation, said it is examining options including explicit limits on the size and structure of such deals, measures to address potential underestimation of risk, and safeguards against regulatory arbitrage. Her comments follow the PRA’s findings that the rapid growth of funded reinsurance could increase vulnerabilities in the life insurance sector.Speech is attached....

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