The Prudential Regulation Authority ("PRA") has issued a letter, dated 4 July 2025, to Chief Risk Officers of life insurers active in the bulk purchase annuity ("BPA") market. The letter focusses on ...
The Prudential Regulatory Authority (PRA) has warned of “systemic risk” within the bulk annuity market as insurers compete for defined benefit (DB) pension schemes’ business. Specifically, the ...
The PRA has published a letter to life and general insurers about longevity risk transfers, and the counterparty risks they transfers can generate. Here’s a key extract: “An insurer accepting risk ...
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