London's share in global reinsurance market declines: Report

A report by U.S.-based The Boston Consulting Group Inc. and London Market Group found that London's share of the global reinsurance market has declined as rivals such as Bermuda and Singapore take more business, Reuters reported. Lloyd's of London and other insurers operating in the city made up 12.3% of the $165 billion global reinsurance market in 2015, down from 13.4% in 2013. The British capital is missing out on insurance business from emerging markets too, the report said.

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