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The Bank of England is set to conduct a stress test on insurance companies' exposure to reinsurance firms.

Financial Times LogoFinancial Times1w ago

 The Bank of England is set to conduct a stress test on insurance companies' exposure to reinsurance firms. - Financial Times

Quick Summary:

The PRA has separately proposed, as part of a consultation process that runs until this week, that firms set limits on the funded reinsurance deals they do with individual counterparties.

UK businesses are offloading about £50bn a year in pension liabilities to insurers, after rising interest rates improved pension scheme funding levels and fuelled activity in this market.

Insurers, meanwhile, defend the use of funded reinsurance as one of a number of risk management tools that provide security to their customers’ benefits.


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Article Details

Author / Journalist: Laura Noonan

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-13 @ 04:00:24 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 675 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 20053910

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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  • URL: https://beamstart.com/news/bank-of-england-plans-to-17078005404817

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