Lloyd's is to set up a Chinese onshore reinsurance operation in Shanghai, as revealed by Insurance Times' Lloyd's Guide last month.

Lloyd's said the new company, Lloyd's Reinsurance Company (China), would give Chinese insurers full access to the Lloyd's market, "enabling its underwriters to support the development of the local market and the Chinese economy".

Lloyd's is expected to report its first loss since 2001 when it publishes its 2005 results this week, following £2.9bn of hurricane 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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.