Mark Carney's insurance warning opens debate
BoE governor warned that insurance executives will be held to account over any issues.
Mark Carney’s warning to insurance executives, published in the Times, has been welcomed as “recognition of the importance of the insurance industry to the UK financial system”.
Carney, governor of the Bank of England, said that although the UK's insurers have escaped largely unscathed from the financial crisis over the last seven years, they are not without risks.
According to him, the risk is largely due to the fact that companies are turning to new classes of business, less traditional types
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