IUA chairman expresses regulatory concerns
The chairman of the IUA (International Underwriting Association) Stephen Riley has expressed concern that London could face another wave of insurance regulation.
Speaking at the association's annual general meeting, he said the market had made tremendous progress in its reform of processes, becoming more efficient and user-friendly, and had become a leader in the use of technology. However, these efforts would be undermined if it was caught up in the regulatory backlash against the banking
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