A top-level summit on general insurance in the UK will be held on 7 November, Chancellor Alistair Darling announced in this week’s Pre-Budget Report and Comprehensive Spending Review.
It is the first time the government has named a date for the summit, when the work of Lord Levene and the London Insurance Market Review Group, on modern-isation of the wholesale insurance market, will be revealed.
The Chancellor also confirmed that corporation tax will be cut by 2p in the pound to 28% by next year, and that the Environment Agency will receive an extra £800m for flood defences
by 2010 as expected.
The ABI was scathing in its criticism.
Director general Stephen Haddrill said: “It does not begin to address the major issues, including drainage, which were highlighted this summer.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
