Allianz warns that UK’s place in the global insurance market is slipping

Allianz UK, one of the largest insurers in the nation, is warning the government that the insurance industry is a risk of a dramatic loss in business. Britain is currently home to the third largest insurance sector in the world. However, many insurance companies that once called the UK home are now moving to Bermuda and Switzerland, hoping to take advantage of the various incentives those nations offer. Allianz officials say that the issue is no simply what the UK has to offer insurers, but what insurers in the UK…

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