Up to 70 Lloyd's Names are facing bankruptcy after their attempt to bring Lloyd's to trial for misfeasance in public office failed.

A High Court judge refused the applications, which claimed that Lloyd's was guilty because it failed to keep proper accounts and hid the extent of the losses it faced.

Mr Justice Smith said there was “no real prospect” of proving the claims at a trial.

Lloyd's welcomed the judgment.

"The judgment paves the way for Lloyd's to continue with bankruptcy proceedings (which are currently stayed pending the outcome of the misfeasance applications) against a number of these names who have not settled their liabilities dating back to 1996," it said in a statement.

About 70 of the 100 Names in the case will now be made bankrupt, reports claimed.

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.