The decline of UK ownership
US and European giants may have taken over large swathes of the UK insurance market but, as Tony Cornell points out, the industry in this country is flourishing
For most of my working life, all parts of the UK insurance industry were owned by UK businesses which, not only dominated the home market, but also the old British Empire and even made strong inroads into the USA. This was built on our position in the world and Lloyd’s – which was the first insurance entity, spawned the first brokers and is still acknowledged as the world centre of excellence.
However, this position started changing in the mid-90s and the last 20 years has seen a remarkable
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