Deloitte UK has appointed former FCA and Bank of England alumnus Andrew Bulley as Partner to its EMEA Centre for Regulatory Strategy. The appointment allows Deloitte to tap Bulley’s inside knowledge of regulatory conditions within the UK and globally, as well as his wide network of international contacts in the field.
Prior to joining Deloitte, Andrew Bulley worked as a Director of Life Insurance Supervision at the Bank of England’s Prudential Regulation Authority (PRA) for more than three years. His more recent responsibility saw him implement the PRA’s Solvency II regulation on the life insurance industry. Concurrently, Bulley worked for the Financial Services Authority (FCA), as the Head of Major Insurance Groups, where he started in 2010. Previously, between 2007 and 2011, Bulley was Head of Wholesale Insurance and Head of Retail Life and General Insurance at the FCA.
Bulley studied History at St John's College, Cambridge University, and Financial Economics and Macro and Micro Economics at the University of London and the London School of Economics.
Bulley takes on the role of Partner at Deloitte, he will be working in the firm’s EMEA Centre for Regulatory Strategy. Bulley brings considerable knowledge of regulatory frameworks from his past government roles, providing the firm with an extensive network of contacts within the regulatory environment. Bulley remains, until his resignation, a voting member of the board of supervisors of the European Insurance and Occupational Pensions Authority (EIOPA).
Julian Leake, head of Deloitte’s Financial Services Risk Advisory practice, states: “Andrew’s extensive experience in insurance supervision, most recently in the life market, and his role on the Board of EIOPA make him a very significant addition to our risk and regulatory advisory practice.”
Commenting on his new role, Bulley says: “Now is a time of far-reaching change for the global insurance industry. This is a tremendous opportunity for me to build on the Centre’s success to date and to work with colleagues in the UK, EMEA and internationally to make it a leading force in the area of insurance regulation.”