LONDON, April 8 (Reuters) - The Bank of England said on
Wednesday that it welcomed the decision by some insurers to
pause paying dividends due to the risk of heavy costs from the
spread of the coronavirus.
"When insurers are considering whether or not to proceed
with any dividend payments, their boards should pay close
attention to the need to protect policyholders and maintain
safety and soundness," the BoE said in a statement.
"Decisions regarding capital or significant risk management
issues need to be informed by a range of scenarios, including
very severe ones," it added.
(Reporting by David Milliken; Editing by Catherine Evans)