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There have been different views from insurance industry officials on the future of the sector in wake of the United Kingdom's decision to leave the European Union, Middle East Insurance Review reports.
"London will lose influence as a financial center to hubs such as Singapore or New York, and this will also affect insurers," said a Munich Reinsurance Co. official.
But Lloyd's of London chairman John Nelson is confident "that Lloyd's will stay at the center of the global specialist insurance and reinsurance sector."