Am Best has affirmed its A (excellent) rating of Lloyd's and dropped its negative outlook.
In June, the agency affirmed Lloyd's may be downgraded following the accelerating rate of asbestos-related claims, which could lead to a significant shortfall in Equitas's reserve.
Now it has removed the negative outlook as “Lloyd's is unlikely to be adversely affected by Equitas in the foreseeable future”.
Lloyd's chairman Sax Riley said: “The removal adds momentum to the market's continuing rise”.
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.
