The insurer said it had decided to rescind its membership of the trade body at the end of the year because its business is now as much about investment management as insurance.
It said that therefore, much of its work falls outside of the remit of the ABI and into the area now covered by the Independent Markets Authority.
Of course, Legal & General, is one of the big boys and perfectly capable of standing on its own two feet, but has its decision done anything to diminish the clout and power of
The Insurance Age team examine the most read stories for the week commencing 3 June 2019.Subscribe to our daily newsletter for all the latest news
- Tokio Marine Kiln Insurance to go into run-off
- GRP-owned Sagars buys Thomas Cook
- PIB's £50m spending on brokers in 2018 revealed
- Insurers could face fines for £4bn dual pricing "rip off"
- Hiscox creates Cyber Exposure Calculator
- Adrian Brown becomes NED at SSP
- Waite-led Premium Credit takes Howells from Close Brothers and Thomas from RSA