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London’s attempt to challenge ILS domiciles “failed” – LMG CEO

The London market’s attempt to challenge other insurance-linked securities (ILS) domiciles in winning ILS business to the UK has “failed”, the Chief Executive of the London Market Group has told the Financial Times.

An FT article yesterday evening stated that London’s insurance and reinsurance market needs to become a central part of the debate around the UK’s competitiveness on the global stage.

Recently, the UK insurance-linked securities (ILS) experience was held up as an example of regulatory failure to foster a new market opportunity.


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