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A board showing currency exchange rates at a money exchange store in Hong Kong, Friday, June 24, 2016. The British pound is experiencing volatile trading as results from Britain’s vote on European Union membership. (AP Photo/Kin Cheung)

(Bloomberg) – British insurers have been left reeling after the country’s surprise decision to exit the European Union jeopardized the value of at least $2.6 trillion of their investments.

Aviva Plc and Legal & General Group Plc, the U.K.’s largest managers of pension assets, tumbled more than 15% in London trading on Friday, helping to erase almost 14 billion pounds ($19 billion) from the industry’s market value. Prudential Plc, which generates most of its earnings outside the U.K., was down 8%.

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