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The PRA is run by the Bank of England
The Prudential Regulation Authority’s (PRA’s) supervisory statement on the use of FundedRe across the industry is “unlikely” to have a material impact on bulk annuity pricing, Aon says.
Funded reinsurance arrangements – also known as FundedRe, asset-intensive or collateralised reinsurance – seek to transfer both investment and longevity risks to reinsurance counterparties. In ...
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