UPDATE 1-Bank of England approves capital models for 19 UK insurers

December 5, 2015 12:59 PM

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LONDON Dec 5 Britain's top two insurers Aviva and Prudential along with the Lloyd's of London insurance market were among the 19 firms whose capital calculation models the Bank of England approved on Saturday.

Approval means the named insurers can use in-house internal models to determine how much capital they must hold to safeguard policyholder commitments under new European Union Solvency II capital rules that come into force next month.

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