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Brexit won't mean lower capital for insurers, says Bank of England

By Huw Jones LONDON, March 16 (Reuters) - A review of rules will not lead to any "radical departure" or a reduction in capital requirements, but it will take time to complete, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain's exit from European Union has prompted the government to review insurance capital rules inherited from the
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Insurers, reinsurers prepare for battle over 19 business payments

* Insurers face hefty claims after Supreme Court ruling * Insurers, reinsurers left to 'fight it out'-senior source * Investors fret about further legal battles By Carolyn Cohn and Kirstin Ridley LONDON, March 11 (Reuters) - Top insurance companies, ordered by Britain's highest court to pay thousands of small businesses millions of pounds in claims
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UK Stocks-Factors to watch on Feb 26

Feb 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 65 points lower at 6,587 on Friday, according to financial bookmakers, with futures .FFIc1 down 1.17% ahead of the cash market open. * RIGHTMOVE: Rightmove RMV.L said it expected continued robust market activity this year, ahead of a potential extension of tax break and reinstated di
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UK minister says insurance reforms not part of a 'deregulatory agenda'

By Huw Jones and Carolyn Cohn LONDON, Feb 23 (Reuters) - Britain's plans to change capital requirement rules for insurers following its departure from the European Union are about tailoring them to local conditions rather than any "gratuitous deregulatory agenda," its financial services minister said. Britain inherited the Solvency II insurance cap
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Bank of England rules out big capital reduction for insurers after Brexit

* Lawmaker: "sky's the limit" ambition needed after Brexit * Industry facing 1.7 billion pound bill for COVID claims * BoE: COVID claims won't mean "tons" more capital needed By Huw Jones LONDON, Feb 10 (Reuters) - The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding that more c
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