New regulation compromise sees state power over EU
European finance ministers agreed appeals procedures that will see three new regulators, including one for insurers, set up, the FT reports.
Each member state, rather than the European Commission, will decide whether and individual situation is a "crisis" or not. And finance ministers will decide by simple majority whether to revoke a decision.
The Guardian reported that chancellor Alistair Darling was satisfied with the deal. "There is effectively a veto," said Darling.
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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.
