UK's PRA fines Aviva unit $14 mln over solvency miscalculation
11/03/2026 10:01
LONDON, March 11 (Reuters) - Britain's banking stability watchdog fined U K Insurance Ltd, now part of Aviva AV.L, 10.6 million pounds ($14.21 million) over a miscalculation in its Solvency II balance sheet for 2023 and 2024. The Prudential Regulation Authority (PRA), part of the Bank of England, said on Wednesday that U K Insurance is a subsidiary and principal underwriter of Direct Line Group (DLG), which is now part of Aviva. ($1 = 0.7459 pounds) (Reporting by Sarah Young; Writing by Catarina Demony) ((catarina.demony@thomsonreuters.com; +44 (0) 7900 276927 (X: @CatarinaDemony);))