Insight and Intelligence on the London & International Insurance Markets

9 February 2012

(Re)insurers face scrutiny from new UK regulator, warns former Tory minister

24 June 2010

The lack of legislation covering the quasi-banking investment activities that took American International Group (AIG) to near-collapse should make (re)insurers pause before telling regulators that they are not the same as banks.

That was the message from The Right Honourable Michael Portillo, the former Conservative politician and cabinet minister, speaking to The Insurance Insider London 100 group yesterday (23 June).

The journalist and broadcaster told senior industry figures that the UK coalition government will be "much tougher on capitalism" than...

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