Lloyd's has voted in favour of reforming its business by four votes to one.

The vote, which was held on capacity basis, saw 79.88% in favour and 20.12% against. Of all capacity eligible to vote 64% was corporate and the rest private third party capital.

Lloyd's chairman Sax Riley said: "With 80% of the backing for these reforms we now have a decisive mandate to implement our proposals for modernisation. The first stage of our work has concluded; the second stage implementation is now underway."

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.