Prudential Regulation Authority (PRA)

Solvent GI firms warned about PRA stance on schemes

Professional services giant KPMG has raised concerns that a draft supervisory statement issued by the Prudential Regulatory Authority suggests that the PRA no longer considers schemes an appropriate tool for solvent insurers.

Prettejohn to leave Brit

Brit Insurance’s non-executive director Nicholas Prettejohn will retire from the company’s board at the end of June, following his appointment as non-executive director of the Prudential Regulation Authority.

L&G blocked on CFO appointment

Legal and General have been barred from appointing their choice of chief financial officer, according to reports.

Brit chairman Prettejohn joins PRA board

Brit Insurance chairman and former Lloyd’s chief executive Nick Prettejohn is joining the board of the Prudential Regulation Authority following approval by the Chancellor of the Exchequer.

Regulation: A heavy crown

The downfall of the Financial Services Authority was met with resounding support. However, as its successors take over sceptics ask whether the twin peak model might create more discontent in the industry.

Solvency II: worth the wait?

After many delays, Solvency II implementation is still far from certain. While some insurers have grown disillusioned by the process, others remain keen to see the directive’s benefits come to fruition.

New regulator reveals 12-strong board

The 12 new members of the Financial Conduct Authority board have been named ahead of the new twin-peak regulatory system taking over from the Financial Services Authority on 1 April.

FSCS: Off the hook

Changes to the Financial Services Compensation Scheme ahead of the introduction of twin peak regulation have angered brokers, but should insurers be held more accountable?

Regulation: Staggering Along

The switch from the Financial Services Authority to the Prudential Regulation Authority and the Financial Conduct Authority could prove tricky — especially with Solvency II on the horizon.

Corporate governance: Skilled assessment

The Financial Services Authority can request a 'skilled person report' at any time, on any matter. What can insurers do to ensure that their corporate governance is in the best shape?

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