Experts commend FSA approach to solvent schemes review
Speaking at the Association of Run-Off Companies on 14 September, Beth Rees and Paul Taylor, of the run-off supervision team at the Financial Services Authority, outlined the regulator’s approach in reviewing proposals to issue schemes of arrangement to finalise discontinued insurance business. The speech follows criticism of a small number of schemes of arrangement.
Responding to the FSA’s announcement, Mark Adams, partner in the Corporate Finance Insurance Practice at Deloitte said: “This speech provides insurers and reinsurers with greater clarity and
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