Lloyd's is set to see a surge of interest from private investors wanting to put money into the market.

Its reputation for being the ruin of wealthy individual Names may be about to turn, as profits soar while stock market returns remain low.

Market sources indicate growing interest from individuals keen to join limited liability NameCos. The market is closed to new unlimited liability Names.

Data from rating agency Moody's and the Association of Lloyd's Members forecast a return on capacity for 2004 of 14%.

The beginnings of a trend were visible last year, as the amount of third party capital at Lloyd's increased from £3.4bn in 2002 to £4.1bn this year.

The new enthusiasm for joining Lloyd's was illustrated by one source, who described an investor applying late last year. "Lloyd's said they wanted a cheque for £10m, really to discourage him.

"To everyone's amazement, he came up with it."

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.