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InsuranceLinked Securities United Kingdom

Government accepts finite failing on Equitable

  • Analysis

The British government has accepted findings of maladministration and injustice in the way the regulatory authorities allowed Equitable Life to use an inappropriate and insufficient finite reinsurance-style financing arrangement to prop up its reserving as the life provider struggled to cope with a lack of provision for guaranteed annuity business in the late 1990s.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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