We are working with the UK Government and regulators to ensure that the business environment in the London Market provides the right incentives for growth and innovation.
In particular, we have been actively involved with the Treasury, exploring ways to bring Insurance Linked Security (ILS) business to the UK. Following a consultation document published by the Treasury in March 2015, in the Autumn statement in November 2016, the Chancellor of the Exchequer announced the publication of the draft ILS regulations for consultation. The LMG taskforce will play an active role in this consultation process, and it is anticipated that the ILS regulatory framework will be implemented in the first quarter of 2017.
In addition, we are working with the Treasury, Department for Exiting the EU and the Department for International Trade to support EU exit negotiations, to discuss the Brexit agenda.
More widely, we regularly meet with government, the parliamentary parties, civil servants and other bodies, such as the Corporation of London, the ABI and risk management associations, to ensure they better understand the scale of the London market and actively support its growth.
The government have announced the introduction of new ILS legislation for the London Insurance Market. Please click here for more
LMG response here
Full Story here
Full story here
The London Matters 2017 report will be launched 9th May register your interest here
More details and confirmed speakers here
March 27th, 2017 – the board of PPL Ltd has announced today that it has decided to bring phase 1 of
integration forward and push Release 2C back. Please click here for further information.
See full story here
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