Paying the price for US domination
The major international brokers have dominated the commercial retail market in the UK. The premiums ...
The major international brokers have dominated the commercial retail market in the UK. The premiums paid by businesses for insurance protection in the UK are about £13bn but this does not take into account captives or other risk transfer programmes. The nationals dominate the latter and control some 50% of the conventional market. The balance is looked after by the independent sector.
In the 80s and early 90s, there were a number of UK-based international brokers operating on a global scale. This
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