Lloyd’s has confirmed it will be setting up a new European business in Brussels following the government’s decision to invoke Article 50.
Lloyd’s has seen underwriting profits slip on the back of major claims of £2.1bn last year.
Ireland’s trade body for insurance said lessons need to be learned from Lloyd’s decision to pass up on Dublin as its European subsidiary.
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Find out who ranks highest in the Top 100 UK insurers in Post’s 2016 countdown. The data, produced in association with AM Best, lists firms based on their financial returns.
As expected by AM Best, Chinese and Japanese companies ranked high. The largest Korean company was ranked seventh, and the largest Australian company followed at eighth.
A lack of large natural disasters, favourable exchange rates and a number of sizeable mergers have seen many of the top 30 European insurers weather the tough environment and climb the rankings complied by AM Best
The ranking of broking groups is based on research carried out in April and June 2016.