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U.K.: Bank of England's top insurance regulator departs to join Prudential

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Prudential P.L.C. has appointed Julian Adams, the Bank of England's top insurance regulator, to the role of global regulatory director.

The news comes at a time when efforts to toughen regulation for banks reach an end and the focus moves to the insurance industry, reports Reuters. Mr. Adams has helped implement changes to how the industry must put aside sufficient capital to safeguard policyholders, under Solvency II.

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