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Brexit

Analysis

Yes, no, maybe: the PRA responds to industry's Solvency II reform agenda

The UK regulator has made a point-by-point reply to the Association of British Insurers' agenda for Solvency II reforms and confirmed its priority to review the reporting requirements. Christopher Cundy reports

PRA fights back with Solvency II defence

Aviva and L&G chief executives have exaggerated the problems with Solvency II, according to PRA chief Sam Woods. Given more freedom outside the EU, the UK regulator is unlikely to make sweeping changes. Callum Tanner reports

UK insurers' legal challenge on risk margin scuppered by regulator

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

UK insurers emphasise post-Brexit opportunity

Senior management from Lloyd’s, L&G, Prudential and the ABI have presented evidence to the Treasury Select Committee. With a hard Brexit now on the horizon most firms have given up on retaining single market access and are instead focusing on the benefits of changing Solvency II. Callum Tanner reports

Gibraltar regulator will take own route on post-Brexit reform

The London market has been loud and clear about its concerns over Brexit, but Gibraltar based firms are in an arguably even more uncertain position. Kathryn Morgan, director of regulatory operations at the GFSC speaks to Callum Tanner about Solvency II and passporting

Agenda 2017 part 1: Insurers prepare for another volatile year

Brexit, Solvency II look-through disclosures, SFCR reports, the Treasury Select Committee inquiry into Solvency II and the fallout from the Eiopa stress tests all present a daunting year ahead for insurance risk managers. Callum Tanner reports