Business Environment

Creating an environment for innovation

Progress

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.

Latest Content

THE LONDON MARKET GROUP IS USING SOCIAL MEDIA TO ATTRACT A-LEVEL STUDENTS

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Government announces new ILS legislation

The government have announced the introduction of new ILS legislation for the London Insurance Market. Please click here for more

DFID announces creation of the London Centre for Global Disaster Protection

LMG response here

THE ECONOMIC SECRETARY TO HM TREASURY WRITES TO THE LMG REGARDING ILS LEGISLATION

Full Story here

LMG re-appoints Nicolas Aubert as Chair

Full story here

LMG Forum - London Matters 2017

The London Matters 2017 report will be launched 9th May register your interest here

City Week 25th and 26th May

More details and confirmed speakers here

PPL re-schedules delivery dates

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.

 

LMG publishes Brexit recommendations for Government

Full story

TOM – claims payments able to move faster

See full story here 

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