Rishi Sunak flags speedy reform for Solvency II rules
The Chancellor of the Exchequer Rishi Sunak told insurance executives at a meeting on Monday that Britain wants to reform its insurer solvency rules quickly.
Sunak and economic secretary to the Treasury, John Glen, met with insurance executives including Aviva CEO, Amanda Blanc, and ABI director general, Hannah Gurga, as part of its ongoing consultation on post-Brexit reforms to Solvency II insurance regulations.
The Chancellor set out that he was “eager” to seize post-Brexit opportunities to develop rules that suit the needs of the British people and that reforms to Solvency II would form a key part of this.
At the meeting the chancellor discussed
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