The chairman of the All-Parliamentary Group on Insurance and Financial Services, Jonathan Evans MP, has been confirmed for the insurance strand as Incisive Media's brands collaborate to bring analysis of George Osborne's Budget Statement.

The European Parliament's two biggest parties have tentatively agreed to include measures related to Solvency II legislation that could save the industry billions and avoid a long delay to the rules' implementation, according to reports.

Suncorp group chief executive Patrick Snowball, the man who previously ran Aviva's UK operation, has warned life insurers they could die out unless they innovate and change.

Axa has insisted that it has no intention of selling its Bluefin Insurance Group and remains fully committed to the distribution market.