Lord Mandelson blames insurers for scheme’s low take up
Lord Mandelson will not extend the £5bn government trade credit insurance top-up scheme and blamed the insurance industry for its failure, the FT reports.
Mandelson said: "It would have been much better if the three main credit insurers had been more forthcoming in supporting the market for trade credit insurance.”
Mandelson said the market was "beginning to change, which suggests the sort of scheme we put in place is no longer needed".
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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.
