MMR could impact protection market - Swiss Re

The reinsurer believes it could result in new products and a need to source clients through different means. Speaking at the Protect trade body meeting, Ron Wheatcroft, vice president of client markets for Europe at Swiss Re, revealed his concerns about the MMR's impact. "The MMR and mortgage funding review are really important for protection," he said. "If the review's outcome is quite intrusive in terms of how mortgage lending is transacted, bearing in mind we used get 50% of our business from mortgages, what could be the effects on the protection market? "Does it create a mar...