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Key points for the insurance sector from the latest Mansion House speech

A general view of St Andrew Undershaft church, the Scalpel, 52 Lime Street currently under construction, the Lloyd's building (C) and the Cheesegrater, 122 Leadenhall Street (R) on June 19, 2018 in London, England.
Photo: John Keeble/Getty Images

Overview of the UK financial services growth strategy; HMT changes to the insurance risk transformation regime and captive insurance regulatory framework; and SMR and FOS reforms.

The UK Chancellor, Rachel Reeves, delivered her second Mansion House speech on July 15. The focus was, again, on the competitiveness and growth of the UK financial services sector and how the government might reduce the regulatory burden on firms and make the UK a more attractive place to