Solvency II - UK insurers in groups headed outside the EEA need to act now or be subject to Solvency II worldwide group supervision, says PWC. 

A few months ago the PRA published SS9/15: Group supervision where it clarified that the default position under its rules is that all insurance groups headed in non-equivalent non-EEA countries will be subject to Solvency II group supervision at the level of the worldwide group.