UK Government Looks to Speed Up Post-Brexit Insurance Reforms

The UK government is in talks to speed the implementation of a flagship insurance reform to release £100 billion ($121 billion) of capital for investment, after months of clashes over the plans and frustration about the slow pace of change.

The Treasury is in active discussions with the Prudential Regulation Authority and insurers for ways to hasten the process, a person familiar with the matter said, asking not to be identified discussing ongoing talks.

Officials could look to implement the Solvency II reforms in two stages, the Financial Times, which first reported the news, said. Insurers could be allowed to ...