The Financial Services Authority (FSA), the UK's financial markets regulator, has changed its rules to prevent the panic selling of shares by life insurance companies, according to a report from the BBC.
Part of last week's heavy loss on the FTSE 100 has been attributed to the selling of shares by life insurers.
Under FSA rules, life insurers are forced to sell their riskiest assets, in this case their massive share holdings in blue chip companies, to ensure they can cover all their liabilities.
The new rules will allow the companies to make "their own judgement as to the most appropriate investment strategy... for their own particular circumstances," said the FSA.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
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.
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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
