Lloyd's year-end results could smash previous forecasts of £500m, with Moody's expecting the market to produce profits of £1bn.
The market had feared being hit by a £400m pay-out to Swiss Re and four other insurers, but the pay-out now stands at £280m.
The £1bn figure is still well below the £1.9bn profit before tax reported last year.
Moody's forecasts that for the 2002 year of account there would be an 11% return on capacity.
The forecast on its 2003 year of account will be stable at 15%.
The ratings agency added that large hurricane losses had impacted the prediction for the 2004 year of account to an anticipated 8% return on capacity.
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.
