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Bank of England Sets Out Reform of Insurance Capital Rules to Boost Investment

September 28, 2023

The Bank of England on Thursday set out a reform of capital rules for insurers to “unlock tens of billions of pounds” for investments in the economy.

The Solvency II rules were inherited from the European Union and their reform is seen by the insurance industry and by lawmakers who supported Britain’s exit from the bloc as a “Brexit dividend” to unlock billions of pounds of investment.

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