as at 23 Oct 2026
Insurance Asset News
PRT & Longevity

PRA proposes about 10% capital charge on funded-reinsurance buy-ins written after September

By IAN Editorial Desk
News date: 10 September 2026·2 min read
Primary source: actuarialpost.co.uk

Aon expects the first half to have cleared £10bn, while XPS put the same half below that level in July.

On 29 April 2026 the PRA proposed changes to the capital treatment of funded reinsurance, to apply from 1 July 2027 to business whose risk is transferred after 30 September 2026. For transactions written after that date, it estimates the capital insurers hold against buy-ins backed this way will rise from around 2–4% of liabilities to around 10%, based on…

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