FSA solvency levels bad for UK competition
The Financial Services Authority's suggested insurer solvency levels could leave UK insurers unable ...
The Financial Services Authority's suggested insurer solvency levels could leave UK insurers unable to compete against European companies, according to Pierre Lefevre, chairman and chief executive of Groupama.
Lefevre described the proposed system as "complex and burdensome" during the Drawing the Blueprint panel debate.
He added: "I am concerned about the CP 190 proposals, which I believe would undermine the competitiveness of the UK insurance industry. We are already seeing companies moving to
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