HM Treasury
Flood Re boost among insurance implications of government reshuffle
New financial secretary Sajid Javid looks set to retain insurance liaison role.
Editor's comment: All change in government
Insurers know only too well that a reshuffle of staff is an opportunity to “bring on fresh talent” but this week the personnel changes were in government rather than in the industry.
Sajid Javid to keep ‘insurance minister’ role
Former Economic Secretary to the Treasury Sajid Javid will maintain his financial services portfolio in his new role as Financial Secretary, Post understands.
Insurers invest in riskier assets amid QE uncertainty
Uncertainty around the quantitative easing introduced by central banks is hurting insurers’ income streams and driving them to invest in riskier assets, according to a Black Rock study.
Insurers predicted to top banks in infrastructure investment
Legal and General is predicting insurers and pension funds will be funding UK infrastructure investments in the next 10 years – not banks.
Payment Protection Insurance: Paying the price
With payment protection insurance complaints putting a seemingly never-ending financial strain on the industry, can the product ever bounce back?
European regulators’ inability to find traction leaves loss adjusters in limbo
FCA regulation and claims certification touted as solutions to IMDII removal
ABI welcomes government strategy to promote the UK insurance industry
The Association of British Insurers has welcomed Greg Clark’s, Financial Secretary to the Treasury, announcement of a dedicated insurance industry strategy to enhance the industry’s position as leader in global business.
Efra chair McIntosh moves to calm fears over raising IPT to cover flood risks
Industry players have been reassured that a proposal to use a proportion of insurance premium tax to resolve a flood debate impasse relating to contingent liability will not result in a rise in IPT.
Communities Minister replaces Hoban as Treasury Secretary
Greg Clark, pictured, former Minister of State at the Department for Communities and Local Government, has replaced Mark Hoban as Financial Secretary to the Treasury.