Airlines across the world are cancelling flights amid safety fears and will have to claim on their insurance to refund passengers.
A spokeswoman for the ABI said: “From a cost point of view, it is not the ABI members who will be bearing the cost. Lloyd's are involved in insuring property and aviation.”
On the plummeting shares of major UK insurers such as Royal & Sunalliance and CGNU, she said: “The matter will resolve itself when it becomes clear that most UK insurers do not insure those risks. Shares may have dropped due to the initial shock.”
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.
