Plans announced in yesterday's Pre-Budget Report 2006 could prove key in stemming the exit of companies from the Lloyd's market in favour of more tax efficient domiciles.

The report said that, following the meeting of the Chancellor's High Level Group on 18 October, a review was underway to look at modernising Lloyd's market practice.

It added that to support this process, the government would introduce legislation to address an anomaly in the tax framework for Lloyd's corporate members.

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.