Insurance: Business

Treasury written question – answered on 6th September 2021.

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Photo of Gareth Thomas Gareth Thomas Shadow Minister (International Trade)

To ask the Chancellor of the Exchequer, pursuant to Answer of 7 July to Question 25717 on Insurance: Business and the response of 3 August from the Prudential Regulation Authority, which of the 225 listed transfers between 30 January 2008 and 1 January 2020 were transferred from a mutual into the ownership of a private company.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Treasury does not hold the requested information and the question has been passed to the Prudential Regulation Authority (PRA), the independent financial services regulator. The PRA will reply directly to the Honourable Member by letter and a copy of the letter will be placed in the Library of the House.

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