PRA could allow interim capital additions after $200bn loss

The UK Prudential Regulation Authority (PRA) could permit
"back of a fag packet" capital add-ons to allow carriers
time to properly adjust their Solvency II internal models following
a market-changing event, according to director of general insurance
Chris Moulder.
Moulder made the comments at a conference following the
publication of a stress test white paper, which found that the
London marketwould withstand two major events that incurred cumulative insured
losses of $200bn.The paper did not o