International: March of the European giants

Axa, Allianz and Zurich have all established a huge presence in London, as well as in the UK personal and commercial lines markets. Then there are the reinsurers with the global giants such as Munich Re, Swiss Re and SCOR seemingly ever-present on most major reinsurance deals.

Only a few notable large European insurers are missing from the UK’s top 20 list. Could this be about to change as some of the missing names that dominate the insurance market in mainland Europe – Generali, Mapfre, Gerling – find their feet in the UK?

This article looks at the opportunities available to European insurers looking to achieve growth in the UK and barriers to entry that need to be overcome.

Topics covered:
• Opportunities within the Lloyd’s market.
• Growing via M&A activity.
• Barriers to growth within the personal lines market.