Gareth Truran took up the role of Executive Director for Insurance Supervision in May 2024. In this role, he is responsible for the PRA's supervision of over 500 UK insurance companies and branches of international insurers operating in the UK. He is also the UK’s member on the Executive Committee of the International Association of Insurance Supervisors (IAIS).
From March 2020 to April 2024, Gareth was a Director in the PRA's Prudential Policy Directorate, where he was responsible for leading the PRA's policy work on insurance (including the Solvency 2 Review) and the PRA’s cross-sectoral policy on governance, operational resilience, accounting, reporting and disclosure issues. He also helped lead the development and implementation of the PRA's updated approach to policymaking under the Financial Services and Markets Act 2023.