The High Court has set a January 2008 date to hear Lloyd's case against Aon and Benfield.

Earlier this year, we reported that Lloyd's had decided to take legal action against the two brokers in a £325m compensation claim over their part in arranging the reinsurance policy for its Central Fund.

The dispute began in April 2003 when six reinsurers refused to pay claims.

Swiss Re, St Paul, XL Re, Federal Insurance Company, Hannover Re and Employers Re claimed the policy had not been affirmed and they were not legally bound to pay up.

Lloyd's reached a £152m settlement with the insurers following arbitration in March 2005.

Lloyd's is looking to claim the shortfall of £325m from the brokers who placed the policy, Benfield and Aon.

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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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.