IUA claims first in measuring London company market
The London company market is worth at least £12.6bn net of commission - £16.4bn including commission - according to the International Underwriting Association (IUA).
In a report the association has, for the first time, produced a comprehensive measure of premium income generated by insurance and reinsurance companies operating in London, but outside of the Lloyd's market in 2010.
A total of 57 companies were interviewed for the research.
IUA chairman Stephen Riley commented: "Questions about the size of the company market in London are frequently asked by a wide range of interested observers. But until now the best answers were only ever a rough estimate
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