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Stress tests highlight importance of diversified reinsurance capital for U.K. general insurers

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The results from a series of stress tests for 26 U.K.-based general insurers conducted by the Bank of England's Prudential Regulation Authority have highlighted the importance of diversified reinsurance capital to these insurers, reports Artemis.bm.

"General insurers in our sample were resilient" to the stress tests, said the PRA report. The result of the stress tests highlighted

"significant reliance" on reinsurance, the PRA said. The results found that almost three-quarters of losses from a series of terror events were ceded to reinsurers.

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