HM Treasury
Blog: GI hopes high on FCA successor as Wheatley is shredded
The soon to be deposed Financial Conduct Authority CEO Martin ‘shoot first ask questions later' Wheatley this week admitted he is "disappointed to be moving on with a sense of unfinished business".
ILS taskforce meets government for the first time
The industry task force established to work with government to investigate ways in which more Insurance Linked Security business could be attracted to London met with representatives from HM Treasury for the first time on Friday (5 June).
Working group touted to tackle Gibraltar VAT loophole frustration
Insurer frustration around the differing VAT rates incurred by UK and Gibraltar-based firms has led to calls for an industry working party to lobby government to level the playing field.
Flood Re chair Hoban to take home £150k in first year
Flood Re chairman Mark Hoban is to receive a salary of £150,000 for his first year of work for an expected commitment of approximately seven hours per week.
Treasury insurance boss slams industry for lack of self-promotion
HM Treasury’s head of insurance and savings has hit out at the failure of the insurance sector to attract young workers, calling for more self-promotion from the industry.
Biba outlines spending priorities ahead of Autumn Statement
The British Insurance Brokers' Association has set out its spending priorities for the forthcoming Autumn Statement highlighting apprenticeships, flood defence spending and Insurance Premium Tax relief on telematics products for young drivers as its…
ABI lukewarm on £470m flood defence plans
The Association of British Insurers has provided a measured response to Treasury plans to spend £470m on flood defences as part of a previously announced commitment of more than £2.3bn of public spending.
Pool Re members vote in favour of Treasury retrocession changes
Pool Re members have voted unanimously in favour of approving the demands made by HM Treasury for changes to its retrocession agreement.
Mactavish calls for contract legislation to clarify broker role
Insurance contracts legislation should include guidance on the role of brokers in overcoming contracting issues between insurers and their customers, insurance governance firm Mactavish has said.
Disputed commercial claims taking 35 months to settle
Disputed commercial claims are taking almost three years to settle on average, according to a study by insurance governance specialists Mactavish, with roughly half of claims being contended by insurers.
Post Blog: What would George Foreman do?
Would you endorse me? Just put your name next to mine. Would you say that you approve of me, and that I’m the type of chap you feel comfortable recommending to the whole wide world?
Cross-border mergers authorised between UK and Gibraltar insurers
The Gibraltar government today confirmed that it had received written confirmation from the UK Treasury, for Part VII transfers to go ahead.
Treasury unveils final Insurance Bill
HM Treasury has today introduced the long-awaited Insurance Bill to reform commercial contracts, and better equip UK firms to compete against their international peers.
Treasury opens Contracts Bill acceleration debate
The Treasury has launched a new consultation on the Insurance Contracts Bill to decide if it has sufficient support for accelerated passage into law.
Airmic 2014: Petition Osborne on contracts bill says Law Commissioner
Law Commissioner David Hertzell has called on backers of the Insurance Contracts Bill to write letters to both Chancellor George Osborne and the Treasury demanding it moves forward before the election.
Editor's comment: A tough act to follow
As clichés about getting on in the world go, ‘it’s not what you know, it’s who you know’ is about as well-worn as it gets.
Infrastructure: Building for success
Plans for insurers to invest in infrastructure projects are being hampered by Solvency II.
Chartered status: Raising standards
Amid an industry-wide drive for improved standards, how will the CII’s consultation on changes to its corporate chartered status criteria affect firms seeking to stand out from the crowd?
Govt and ABI yet to finalise details on leaders programme, Javid says
Financial secretary to the Treasury Sajid Javid said the government is yet to sort out the details around working with the Association of British Insurers on its future leaders programme as part of the UK insurance growth action plan.
Career development: CII welcomes government apprenticeships announcement
The Chartered Insurance Institute has welcomed the Treasury's announcement of its gateway project to help people find apprenticeships and graduate training places within insurance.
CII welcomes government apprenticeships announcement
The Chartered Insurance Institute has welcomed the Treasury’s announcement of its gateway project to help people find apprenticeships and graduate training places within insurance.
Aviva and L&G join four life insurers in £25bn infrastructure pledge
Aviva and Legal and General are among the six insurers that have agreed to collectively invest £25bn in UK infrastructure over the next five years.
Biba lobbies government for nationwide broker apprenticeship programme
The British Insurance Brokers’ Association is calling for the government to set up a nationwide apprenticeship programme to recruit and retain people in the broking sector.
Flood Re boost among insurance implications of government reshuffle
New financial secretary Sajid Javid looks set to retain insurance liaison role.