UK insurers' legal challenge on risk margin scuppered by regulator

Published in: Capital, Solvency II, UK, Brexit

Companies: Association of British Insurers, ABI, Legal & General, Prudential Regulation Authority, PRA, Nomura

Legal advice commissioned by British insurers suggested that a future management action could allow firms to significantly reduce the risk margin even while the UK regulator remains bound to EU law. So far that advice has fallen on deaf ears. Callum Tanner reports

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