PRA has published a supervisory statement on third-country insurance and pure reinsurance branches under Solvency 2. It is addressed to non-EEA insurance undertakings that have a UK branch (third-country branch undertakings). The statement replaces a previous supervisory statement, “Solvency 2: third-country branches”, and sets out PRA expectations of third-country branch undertakings. It includes expectations in relation to compliance with EIOPA guidelines, worldwide financial resources, scheme of operations and various reporting requirements. This statement does not apply to Swiss General Insurers. The statement builds on comments received in response to a consultation on this approach (see FReD 4 September). (Source: PRA SS44/15 – Solvency 2 Insurance Branches)