UK insurance companies need to be more proactive in distancing themselves from the banking crisis, delegates at Davos have told Zurich's Geoff Riddell.
The Zurich chairman of global corporate and chief executive for Asia-Pacific and Middle East, where he is responsible for both life and general insurance, says attendees at the World Economic Forum (WEF) challenged him on why no-one within the industry was speaking up. He says: "People were coming up to me saying no-one is speaking up for the insurance industry. "They realise the public has lost trust in banks, politicians but also in businesses in general. But they said the industry is not selling the fact that it hasn't been part of the banking fiasco strongly enough." Each year,...
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