UK should be “at the cutting edge” of ILS
Monday, 07 06 2015, Category: Insurance and Reinsurance, Country: United Kingdom
The UK continues to make it clear that ILS is firmly on the governmental agenda as Economic Secretary to the HM Treasury Harriett Baldwin said the country needs to ensure it is “at the cutting edge” of this growing corner of the insurance and reinsurance market.
The UK should be “at the cutting edge” of high-growth financial market opportunities, such as the insurance-linked securities (ILS) sector, according to Baldwin.
Baldwin, as Economic Secretary to the Treasury is the UK minister responsible for financial services and also known as the City Minister. As such, the efforts of the London Market Group, which has established its ILS working group recently, likely come under her watch.