On 28 July 2025, the Prudential Regulation Authority published a Final Notice in respect of the London branch of Barents Reinsurance S.A., imposing a fine of £1,785,000 for failing to organise and control its affairs responsibly and effectively, as well as governance and regulatory reporting failures for more than two years post Brexit. For the key takeaways from this case, as well as the key findings, please see our latest Notice in a Nutshell briefing here. All of our publications in this series can now also be found here.