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London must fight to remain leading center for insurance, reinsurance: Official

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Michael Wade, the crown representative for insurance at the U.K. government's Cabinet Office, has said that the London insurance and reinsurance market must fight to defend its position as the leading center for risk, reported Artemis.bm.

The market must fight to attract insurance-linked securities business to its shores, said Mr. Wade.

London must ensure that it is part of the growing ILS market, added Mr. Wade.

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