Lloyd's insurer Euclidian has completed its long-awaited refinancing, raising around £120m in capital.
According to market sources, Berkshire Hathaway will provide £78m of capital, with about £24m from Everest Re and around £19m from the Royal Bank of Scotland.
The additional capital will enable Euclidian to underwrite £250m through Lloyd's in 2004. Euclidian also plans to write an additional £60m worth of motor, caravan and fleet business out of Gibraltar next year.
The involvement of Berk-shire Hathaway comes as a surprise after speculation it would retreat from Lloyd's.
Euclidian group managing director James Corrigan-Stuart declined to comment.
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.
