Overview
This supervisory statement (SS) is addressed to all UK firms that fall within the scope of Solvency II, and to Lloyd’s. It sets out the Prudential Regulation Authority’s (PRA’s) expectations of firms with respect to general issues regarding reinsurance and the management of reinsurance counterparty credit risk.
This statement should be read in conjunction with the PRA’s rules in the Solvency II Sector of the PRA Rulebook, and the PRA’s approach to insurance supervision document.
Supervisory Statement 20/16