Reinsurance News
London Market
Committee urges London Market regulation reforms
7th April 2022
The UK Industry and Regulators Committee has written to the Economic Secretary to the Treasury to express concerns about a “lack of proportionality” in the regulation of the London Market. In a letter, the Committee charges that the “one-size-fits-all” approach to the regulation insurers and reinsurers by the Financial Conduct Authority ... Read the full article
Brexit threatening London Market’s influence in the insurance industry: Airmic
1st April 2022
Airmic, the UK association for risk and insurance professionals has said that Brexit is threatening the London Markets influence in the global industry. This was reported in the company’s March 2022 Pulse Survey which took place between March 3-11. One of the questions in the survey asked how has the influence of ... Read the full article
London’s global reinsurance market share falls 2% in a decade: LMG’s Wagstaff
26th January 2022
Despite being the largest global re/insurance market in the world, the London Market faces challenges and while primary business has expanded minimally over the past decade, its reinsurance market share has shrunk by 2%. Yesterday, the House of Lords Industry and Regulators Committee opened its inquiry into the regulation of ... Read the full article
Parliament launches inquiry into UK’s commercial re/insurance market
17th January 2022
The regulation of the UK's commercial insurance and reinsurance market is the subject of an inquiry by the House of Lords Industry and Regulators Committee. The Committee has published a call for evidence for its inquiry into the London Market, which is focused on commercial and wholesale speciality risks. The purpose of ... Read the full article
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