Lloyd's insurer Ascot Underwriting has increased its 2011 underwriting capacity to £650m from £600m.
“Market conditions are changing, providing Ascot with opportunities, particularly in the reinsurance sector," said Ascot chief executive Andrew Brooks in a statement. "We have increased our capacity for the remainder of 2011 to allow us to maximise these opportunities and expand our business where appropriate.”
Reinsurance rates are widely expected to harden in areas that have been hit by natural catastrophes in the first quarter of 2011.
Ascot's Lloyd's syndicate, 1414, is backed by a subsidiary of global insurance group AIG.
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.
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.
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