UK insurers "better placed" in single European market

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UK/EUROPE - The Association of British Insurers (ABI) has come out in favour of EU plans for an integrated financial services market, saying that the UK insurance industry is better placed than its European counterparts to benefit from the move.

The ABI backed the Financial Services Action Plan which was debated by the Barcelona European Council last week. The plan aims for full integration of the market by 2005. ABI’s head of European...

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