UK Treasury pledge pleases London market

Trade bodies from around EC3 have responded positively to a
pledge from the UK Chancellor of the Exchequer to ensure the
country's tax and regulatory regime doesn't inhibit the
reinsurance sector's growth potential.
In his autumn statement, released on 3 December, George Osborne
said the government would "explore options to ensure that the
UK's regulatory and tax regime is as competitive as possible to
attract more reinsurance business to the UK".
Welcoming the news, Da