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The Global Insurance Industry and City Of London: An Update


60% of all aviation insurance that is provided across the globe comes stems from the UK market
This translates to 52% of all energy insurance worldwide, as well as 33% of all shipping insurance
The £60bn worth of premiums which are written by the London Market on an annual basis surpass the Bermuda market by almost double.
The United Kingdom- and particularly the City of London, has always had a special relationship with the insurance industry.
London s fast-paced coffee culture back in the 17th century gave rise to the prominent and world-renowned maritime insurance industry. This facilitated Britain s standing as a trading superpower and eventually led to the launch of the world s first ever fire insurance companies- in light of the Great Fire of 1666, which conducted business not only within the UK, but abroad as well. ....

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