Daily Insurance Industry News
Daily Insurance Industry News
Tuesday 17th of July 2018
November 29, 2011

ABI responds to the Autumn Statement

by Richard Kilner

Story link: ABI responds to the Autumn Statement

The Association of British Insurers (ABI) has responded to the Autumn Statement delivered today by Chancellor George Osborne.

Director General Otto Thoresen said, in regard to the National Infrastructure Plan, that the bond markets were a huge and untapped source of finance that insurers had long sought to utilise to help bolster growth.

Thoresen went on to say that insurers wanted to collaborate with the Government, creating a new asset class of infrastructure bonds that could see insurers investing in everything from hospitals to railways.

He welcomed the Government’s establishment of an Insurers’ Infrastructure Investment Forum, which includes ministerial involvement, to ensure bonds are attractive and potential obstacles are swiftly overcome.

When speaking about the business finance partnership and credit easing Thoresen said that he understood the need for new measures to improve lending but warned that the devil would be in the detail.


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