Lloyd's managing agent Faraday is aiming to increase its employers' liability (EL) premium income by 30% in 2004.
A Faraday source said the insurer was expecting UK and Ireland EL premium income to reach £75m-£80m next year.
"The increase will be largely due to higher EL rates, rather than a significant increase in the size of the book," the source said.
Increases in EL rates are prompting a number of Lloyd's underwriters to boost their EL capacity.
Last week it was revealed that Lloyd's insurer Abacus is to increase the capacity of Syndicate 2525 by £33m. Half of the new capacity, £16.5m, will be used for EL business.
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.
