The Prudential Regulation Authority (PRA) published its Dear CEO letter along with the finalised supervisory statement SS5/24 on 26 July 2024, setting its expectations for insurers that currently hold or are entering into funded reinsurance (FundedRe). The policy statement can be found here.

Read our latest newsflash, where Bob Tyley, Rakesh Mazumdar, and Scott McGruther-Johnson discuss the PRA's letter, the changes to the finalised guidance, and the immediate actions for insurers. 

Click here to read our full newsflash

If you would like to discuss any of the topics in more detail, please get in touch.