Cintia Cheong
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PRA finds ‘material shortcomings’ in management of funded reinsurance recapture

PRA finds ‘material shortcomings’ in management of funded reinsurance recapture

The executive director insurance supervision of the Prudential Regulation Authority has found some “material shortcomings” in re/insurers’ practices when dealing with recapture risk, one of the regulator’s main concerns with funded reinsurance.Charlo

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