London market could lose £7.3bn in premiums to Brexit
Thursday, 10 20 2016, Category: Insurance and Reinsurance, Country: United Kingdom
The overall premium income in the London Company Market in 2015 was £21.6 billion, however £7.3 billion of premium currently written in the city could be affected by Brexit, according to a report from the International Underwriting Association (IUA).
Gross premium written in London totalled approximately £15.2 billion, while a further £6.5 billion was identified as written in other locations, but overseen by London operations.
Source: Intelligent Insurer