Rating agency Standard and Poor's has warned that the collapse of energy giant Enron could cost insurers more than £2.5bn.
The largest liquidation in corporate history has highlighted a general deteriorating of credit quality across "numerous industries", S&P said.
Lloyd's, which is already facing losses of upto £1.9bn after the World Trade Centre atrocity, could see even more losses as a result of Enron's demise, according to reports.
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.
