BIS 2010: Hiscox boss calls for break up of ABI

Bronek Masojada

He told the panel and delegates at this morning's British Insurance Summit that it was important the government viewed recent complaint figures - including payment protection insurance - from the Financial Ombudsman Service as more than simply an "insurance problem". "More than half of those complaints came from banks. They don't see that as a banking issue, they see that as an insurance issue. We think we should separate the Association of British Insurers into a life and savings industry bo