Blog: City of London Gets Long-Awaited Insurer Reform, Surcharge Cut – Bloomberg

After years of fraught debate between regulators, insurers and the Treasury, Jeremy Hunt confirmed Thursday that the government would push forward with reforms to a corner of the City of London that’s intended to release billions of pounds of investment into the economy. 

The plan, thrashed out at the last minute before Hunt’s statement with some details still to be clarified, could mean insurers will be able to direct “more than £100 billion” into infrastructure and green energy over ten years, according to Hannah Gurga, director general of the Association of British Insurers. 

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s