JDC TECHNICAL EVALUATION REPORT

Subject: Global Reinsurance Market

Reference UID: 6092

Market Authority: London & International Markets

Case Ref: OPED-PRA-SEP-2026

Secondary Case Ref: N/A

Date: 13^th July 2026

Status: Consultation Closed

Case Summary (Tier 4):

Rather than introducing another compliance exercise, the PRA has embedded run-off planning into mainstream board governance. This regulatory shift is likely to influence future legacy transactions, Part VII activity and capital management across the UK insurance sector.

Case Detail (Tier 5):

The PRA consultation period on Solvent Exit Planning has concluded, requiring insurers to demonstrate credible plans for an orderly market exit. The initiative places greater emphasis on governance, operational readiness and the strategic consideration of run-off as a viable business outcome.

Additional Comment:

Although not a legacy transaction itself, the PRA’s Solvent Exit Planning framework elevates run-off from a reactive contingency to a strategic board-level discipline. The implications are likely to extend across legacy transactions, capital optimisation and future Part VII activity.

Additional Comment (2)

Forms the basis of Gazette Watch Editorial 002 – The PRA’s Solvent Exit Planning: Why Run-Off Has Become a Boardroom Strategy. Follow this link PRA SEP 2026