HC Deb 22 December 1976 vol 923 cc186-7W
Mr. Wrigglesworth

asked the Secretary of State for Trade whether he will make a statement about the placing of German marine insurance in the London Market.

Mr. Dell

Recent German legislation appears to go beyond the requirements of the EEC First Co-ordination Directive on non-life insurance business by stopping German brokers from placing marine insurance outside Germany as they have been able to do for many years. One British company has made a formal complaint to the EEC Commission that the German action is in breach of the Treaty of Rome. The German Government have assured us that for the time being they will not take action against German brokers who continue to place business in London.

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