Lloyd's faces a multibillion-dollar lawsuit for financing of trade ships used to uproot and transport black African slaves in the 17th and early 18th centuries.

So far, no legal papers have been served, but Lloyd's denies that it is liable and is confident of its position.

A Lloyd's spokeswoman said: "This complaint is based on the same factual allegations as the cases that were recently rejected in Chicago. We completely reject the allegations."

The suit will be fraught with difficulty for the claimants. Previous allegations proved fruitless, as plaintiffs were unable to produce sufficient evidence. Ten people claiming to be descendants of the black American slaves are filing the current action. The claimants will be represented by Edward Fagan, known for having represented holocaust and South African apartheid victims.

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.