Foreign investment dominates UK insurance
The majority of the UK’s general insurance companies are foreign owned according to new research.
The report, UK Financial Services Ownership, Value and M&A, produced by IMAS Corporate Finance, found that 55% of firms, valued at over £100m, were owned by overseas entities.
It also found that 62% of smaller companies, valued between £5m-£25m, had foreign ownership.
The study revealed a financial services sector consisting of 50,000 entities and 3,400 different groups covering a broad range of businesses with insurance companies constituting one in five of all UK financial services companies.
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