PRA zones in on financial lines, man-made cat exposure and contract uncertainty
The Prudential Regulation Authority will “sharpen” its focus on financial lines insurers and those with a material exposure to man-made catastrophe risk, in addition to advising insurers to revisit how they approach contract uncertainty, the regulator has said in a letter.
In a letter, dated Friday 13 November, to chief risk officers of PRA-regulated general insurance firms, Lisa Leaman, PRA London Market Insurance Supervision head of division and Vishal Desai, PRA
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