Tag Archives: BErmuda
The PRA takes action on insurers shipping the proceeds of our pensions to Bermuda
Well I’m glad that I’m not the only wolf howling at the moon. Funded reinsurance transactions involving UK life insurers will face enhanced regulatory requirements under new proposals unveiled by the Prudential Regulation Authority (PRA). So says Jonathan Stapleton in … Continue reading
Aegon to become “TransAmerica” and dispose of Aegon UK
Aegon “considers” putting UK business up for sale The business said it would begin a strategic review of Aegon UK on the day that Cushon was bought by WTW. The more restrained report “consideration” while Citywire simply reports what is … Continue reading
BOE concern over US private capital taking pensions off to Bermuda
The FT are picking up on a speech by the Bank of England You can read that speech here Vicky White highlights new innovations in the UK life insurance sector, focusing on Funded Reinsurance and capital in the Bulk Purchase … Continue reading
Worries over Bermuda must be worries for “UK pension end-game”.
I have been sent this article. I would be interested in thoughts from readers, it disturbs me (published as received). Bermudian life reinsurance stress test reveals recapture and recovery worries The vast majority of Bermuda’s life reinsurers have survived a … Continue reading
Posted in pensions
Tagged BErmuda, Life Reinsurance, pension, Private Equity, reinsurance, UK
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If we’re to reinsure our pensions let’s use “Bermuda on Thames”
Right now, we aren’t just swapping pension assets for insurance policies, we’re sending much of the value of the insurance to Bermuda. London is no longer taking the risk and reward of insuring us against our living too long, … Continue reading