Britain to be centre for insurance-linked securities
Thursday, 06 29 2017, Category: Insurance and Reinsurance, Country: United Kingdom
There’s more good news for insurers. Not only has the new City Minister revealed that the government is pushing ahead with plans to reform the hotly contested Ogden rate – Steve Barclay has also shared positive developments regarding insurance-linked securities.
A Financial Times report said the recently appointed economic secretary to the treasury has assured that these securities – which connect investors to insurance buyers – will be introduced in Britain. According to the report, the UK has missed out on the $75 billion business previously for lack of regulation.
Source: Insurance Business