Controversial plans to hand more power to corporate investors in Lloyd's at the expense of Names will be unveiled this week.
A revamp of the 1982 Act governing the insurance market would risk the wrath of the dwindling number of unlimited liability Names who traditionally provided its capital but whose financial support has now fallen to 20% of its underwriting capacity.
However, a one-member, one-vote system means individual members' voting rights outweigh those of corporate members.
Chairman Sax Riley's proposed reforms will include plans to lift a ban on brokers owning managing agents, the Financial Times reported.
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.
