Sax Riley announced at a seminar today that the Lloyd's business in Spain now tops €100m (£60m).

At the first ever Lloyd's seminar in Spain, Riley said premium income from the region had soared from €58m (£35m) to €110m (£67m). He attributed the rise to the retraction in market capacity of Spanish and foreign carriers, an increased demand for specialist cover, and rising rates.

He said: "Despite the emergence of overseas markets, Europe remains key to Lloyd's strategic thinking. The opening of a registered office in Spain is an important part of that strategy."

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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