Navigating Funded Reinsurance in the UK: insights from the PRA's CP24/23 consultation paper
28 November 2023
On 16 November 2023, the PRA published a consultation paper (CP24/23) on funded reinsurance (Funded Re), outlining proposed expectations for life insurers entering into or holding Funded Re arrangements as cedants, particularly in the context of bulk purchase annuity (BPA) business. The consultation paper is relevant to UK Solvency II firms and UK branches and therefore their reinsurers as well.
Clifford Chance
