HC Deb 27 October 1919 vol 120 c249

asked the President of the Board of Trade whether there are over sixty reinsurance companies registered abroad or with foreign headquarters now carrying on business in this country; and how many have made the deposit of £20,000 required by law from English companies?


If my hon. Friend will furnish me with a list of the sixty reinsurance companies referred to in his question, I will make inquiries as to the nature of the business carried on by such companies, with a view to considering whether they are liable to make a deposit of £20,000 under the Assurance Companies Act, 1909. Information has been obtained as to the twelve companies of foreign origin carrying on reinsurance business to which my bon: Friend drew my attention in his question of the 4th June, and I am now obtaining legal opinion as to which of those companies are liable to make the deposit.