London losing ground as reinsurance hub: LMG

The London market is losing ground as a centre for global
reinsurance, according to the latest incarnation of the London
Matters report, released this week (9 May).
The report, commissioned by the London Market Group (LMG),
reaffirmed London's strengths as a world class commercial
insurance market as the UK insurance industry gained market share
in its "traditional heartlands" of specialty.
However, reinsurance made up a smaller proportion of London
market premiums in 2015 than five years before