First published on 20 March 2015
This supervisory statement is of interest to all UK Solvency II firms and to the Society of Lloyd’s. The Prudential Regulation Authority (PRA) expects firms to read this statement alongside all relevant European legislation and relevant parts of the PRA Rulebook.
The PRA is publishing this statement to set out expectations of firms in relation to how participations in insurance and reinsurance undertakings are accounted for in the solvency capital requirement at solo level.