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Bank of England okays capital calculation models of 19 insurers

Aviva, Prudential and Lloyd's among those that can use internal methods to meet EU Solvency II rules

Pedestrians walk past the Bank of England in the City of London in this file photograph.


BRITISH insurers Aviva and Prudential and the Lloyd's of London insurance market were among 19 firms to have their capital calculation models approved by the Bank of England (BOE) on Saturday, enabling them to lower costs under new rules.

Approval means the insurers can use