Speech in Commons Chamber - Mon 29 Jun 2015
Greece
"My right hon. Friend rightly points out that Britain’s increasing economic stability is necessary, not least to withstand economic shocks from elsewhere, such as that under discussion. Does he think that any further measures are necessary to protect British financial institutions that may be holding Greek debt, which will clearly …..."Damian Green - View Speech
View all Damian Green (Con - Ashford) contributions to the debate on: Greece
Speech in Commons Chamber - Thu 04 Jun 2015
The Economy
"The shadow Chancellor rightly says that infrastructure is important. On the day when, by coincidence, the Crossrail tunnel is completed, will he not bring himself to recognise that, even at times of great public spending restraint, the last Government continued and, I am sure, this Government will continue with essential …..."Damian Green - View Speech
View all Damian Green (Con - Ashford) contributions to the debate on: The Economy
Written Question
Monday 3rd November 2014
Asked by:
Damian Green (Conservative - Ashford)
Question
to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what the current size is of the Pool Re reserves.
Answered by Andrea Leadsom
Pool Re’s reserves stood at approximately £5.26 billion as at 31 December 2013, according to Pool RE’s annual report.
Written Question
Monday 3rd November 2014
Asked by:
Damian Green (Conservative - Ashford)
Question
to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the adequacy of the Pool Reinsurance reserves in the event of a terrorist incident.
Answered by Andrea Leadsom
Pool Re’s reserves stood at approximately £5.26 billion as at 31 December 2013. However, Pool Re is able to cover events that result in significantly greater claims than £5.26 billion due to its ability to increase premiums, call on additional funds from members, and call on an HMT guarantee to make funding available should those sources prove insufficient to meet its reinsurance liabilities.