Hiscox in ongoing talks with PRA over stress test concerns
Hiscox is engaged in ongoing discussions with the Prudential Regulation Authority about concerns it has with its insurance stress test and is calling for a simulation of a large loss scenario to take place in the first half of 2016.
In its first half 2015 results statement, released today (27 July), Hiscox chairman Robert Childs aired his concerns about the PRA's stress test accusing it of "not going far enough".
"There needs to
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