High premium rates and low claims helped Chaucer announce a healthy increase in profits for 2003. The pre-tax profit increased dramatically from £3m in 2002 to £38.6m. The group also benefited from the merger of Lloyd's Syndicates, 587, 1084, and 1096. Chairman Martin Gilbert described the merger as an important step in the development of the group.

But managing director Ewen Gilmour hinted that this year's growth might not be sustainable. "While we remain optimistic for 2005 we know we can't beat the downward cycle," he said.

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.