The Solvency II Directive and its impact on the UK Insurance Industry Contents

Formal Minutes

Wednesday 25 October 2017

Members present:

The Rt Hon Nicky Morgan, in the Chair

Rushanara Ali

Charlie Elphicke

Stephen Hammond

Stewart Hosie

Mr Alister Jack

Kit Malthouse

John Mann

Alison McGovern

Catherine McKinnell

Wes Streeting

The following declarations of interest relating to the inquiry were made:

Mr Alister Jack declared the following interest

Shareholdings: over 15% of issued share capital

Cantco Ltd (100% owned Nameco); Lloyds insurance underwriting. (Registered 29 June 2017)

Draft Report (The Solvency II Directive and its impact on the UK Insurance Industry), proposed by the Chair, brought up and read.

Ordered, That the draft Report be read a second time, paragraph by paragraph.

Paragraphs 1 to 201 read and agreed to.

Resolved, That the Report be the Third Report of the Committee to the House.

Ordered, That the Chair make the Report to the House.

Ordered, That embargoed copies of the Report be made available, in accordance with the provisions of Standing Order No. 134.

[Adjourned till Tuesday 31 October at 10.00am





25 October 2017