City Minister faces down senior UK insurance execs
City minister Mark Hoban faced down stiff criticism from an audience of senior London market executives when he addressed The Insurance Insider's London 100 group.
The UK minister was repeatedly asked to justify the intrusive
regulatory regime that the insurance industry has to deal with.
Hoban maintained that the coalition government was committed to introducing a new "proportionate" regulatory framework that would safeguard policyholders and the wider economy without unduly hampering business.
"I think it is important that we make...
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