Ascot reduces underwriting capacity in response to market conditions
Lloyd’s has approved Ascot Underwriting's 2011 capacity of £600m.
Ascot has de-empted its stamp from £700m in 2010 in response to the current market conditions.
Andrew Brooks, chief executive of Ascot, said: "In light of the prevailing market conditions Ascot has taken a key strategic decision in reducing its underwriting capacity from £700m to £600m.
"We view this as essential in managing our business through the next twelve months, and we remain fully committed to providing the best service to meet the needs of our brokers and clients."
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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