Ratings agency AM Best said the Lloyd's Chairman's Strategy Group (CSG) may have compromised its original objective to increase the simplicity of the market for capital providers.
Affirming the market's financial strength rating of A-with a stable outlook, AM Best said the affirmation reflects Lloyd's excellent business profile, excellent capitalisation and high standards of regulation.
Offsetting factors are the market's weak financial performance, uncertainty caused by the sheer magnitude of losses Lloyd's is facing, certain issues arising from its Chairman's Strategy Group proposals and long-term uncertainty over the ultimate adequacy of Equitas' reserves.
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.
