United Kingdom regulators have moved closer to a decision regarding their views on reinsurance practices among U.K. life insurers (see ASR 6/17/02). The Financial Services Authority, the U.K. insurance regulator, has announced that it will be investigating the use of financial reinsurance.

Two points on which the regulator will focus are whether cash is actually transferred to the insurer at the time of reinsurance, and the issue of better transparency with regards to an insurer's solvency position.

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