1421 GMT - The U.K. government's financial-services growth plan confirms positive intentions about encouraging savings, reducing red tape and keeping the country at the forefront of insurance innovation, Keefe, Bruyette & Woods says in a research note. The easiest wins will likely be for the Lloyd's insurers as the London market is singled out for its global leadership and has political support, analyst William Hawkins writes. The market is already quite discrete and specialized so reforms to regulations may be easier to silo, he adds. "The challenge is how to maintain the right balance with retail consumer protection and fiduciary responsibilities of agents and managers," he notes. While the sentiment of this workflow is positive for life and non-life insurers, it isn't clear if it will have a material impact in the near-term. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
July 16, 2025 10:21 ET (14:21 GMT)
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