Private equity firm behind New York plans to rival Lloyd’s
US private equity firm JC Flowers is backing plans to build a rival insurance exchange to Lloyd’s in New York and has been advising the New York Insurance Department, the Telegraph reports.
James Wrynn, the New York Superintendent of Insurance, hopes to have an outline for the new exchange in place by September.
Roger Foord, an insurance consultant, said that a New York Insurance Exchange could expose weaknesses in the Lloyd’s market.
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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.
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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