Rating agency Moody's has downgraded two Lloyd's syndicates – Limit Underwriting and RGB Underwriting – and given four other syndicates negative outlooks. This latest review is part of an ongoing assessment of the market.

Ratings Downgrades
980* Limit B+ Above average B Average
  Underwriting Negative outlook  
1171 RGB B- below average C+ Average
    Negative outlook  
* Rating reflects proposed merger of syndicate 877.
Ratings Confirmed
861* Brockbank A- Good A- Good
2001** Amlin B+ Above average B+ Above average
    Negative outlook Negative outlook
*Rating reflects proposed merger of syndicates 588 and 1209.
** Rating reflects proposed merger of syndicates 902 and 1141.
Ratings with negative outlooks
340 St Paul B+ Above average Negative
506 Kingsmead B Average Negative
587 Chaucer B Average Negative
735 Wren B+ Above average Negative

The performance ratings – ranging from A+ (excellent) to C- (below average) – indicate Moody's opinion on the ability of Lloyd's syndicates to outperform over the medium to long term, and potentially provide long-term business relationships with insurance purchasers.

The syndicate performance ratings are based on a quantitative and qualitative assessment of four key areas, namely:
- the underwriting team
- the portfolio of business underwritten
- management controls in place
- capital support backing the syndicate.

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.