Lloyd's has completed its transfer of more than $5bn (£3.5bn) to its two major US trust funds.
The money was raised by syndicates' cash calls to pay for World Trade Centre claims. The first tranche of the transfer took place in November 2001 when more than $2bn (£1.4bn) was moved.
A Lloyd's statement said: "A substantial element of the transfer was necessary to meet US regulatory requirements relating to insurance claims arising from 11 September, in respect of both direct business and US-ceded reinsurance business."
It said, to date, Lloyd's had received over 3,200 claims related to the World Trade Centre tragedy and is continuing to pay claims.
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.
