George Osborne's plans to aid the development of London as a centre for insurance-linked securities (ILS) business must address specific issues such as the time needed to set up new vehicles, industry experts have said.
The rate-on-line for primary layer cyber insurance cover is six times higher than for property cover and three times that of general liability, according to a report on UK cyber security.
The UK's Prudential Regulation Authority (PRA) has today (20 March) published its final rules for the implementation of the European Union's impending capital regime, Solvency II.
