Research from the Financial Services Authority (FSA) shows that the role of insurers in the global credit derivatives market is growing, as the financial services industry tries to diversify its risks or increase its returns.

The FSA said insurers were estimated to have 20% to 25% of the $1,000bn (£683bn) to $1,500bn (£1,025bn) credit derivatives market.

FSA head of prudential standards Clive Briault said a key finding of its research was that although insurers had taken on a lot of risk using credit risk transfers, the most active participants had developed a good understanding of the products.

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.

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