Ascot Underwriting, has received both Lloyd's and capital support to increase the capacity of Syndicate 1414 for 2005 from £410m to £435m.
Ascot chief executive Martin Reith said: "We have always adopted a policy of rigorous capital management and would expect a high utilisation of our original 2005 capacity. This mid-year pre-emption will enable us to seize market opportunities in the light of the hurricane losses."
Lloyd's has also agreed to Ascot's 2006 business plan enabling Syndicate 1414 to increase capacity to £550m from January.
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.
