Lloyd's managing agent Limit is set to reduce its employers' liability (EL), product liability (PL) and professional indemnity (PI) capacity by around £180m next year.
It is understood that Limit is proposing to reduce the capacity of Syndicate 386 by 15% in 2005, subject to Lloyd's franchise board approval.
The plan would see the capacity of Syndicate 386 falling from £1.2bn to just over £1bn.
Limit declined to comment on the proposals.
The insurer upped its UK PI capacity by £12m this year. Limit is expecting to write £92m of UK PI business this year, representing a 15% increase on the 2003 total of £80m.
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.
