Bank of England warns insurers on “systemic” overreliance on reinsurance
The Bank of England has said it is concerned that UK insurers are offloading most of their longevity risk to a small concentration of overseas reinsurance companies, warning that an overreliance on reinsurance as a risk management tool poses a “systemic threat” to the wider sector.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below