The United Kingdom needs to work with insurance, reinsurance and capital markets participants, as well as regulators, to develop a “flourishing insurance securitisation market”, making the most of the insurance-linked securities (ILS) regulatory regime that was introduced in 2017, according to a lobby group.
Lobby group TheCityUK has worked with business groups, companies and partners across the UK financial services sector to lay out a new international strategy that aims to return the UK to being the world’s leading international financial centre within five years.
