Moody's has downgraded six syndicates, in its latest quarterly review. Sterling Underwriting Agencies – which manages Syndicate 1093 – has slipped from "B- below average" to "C+ above average."

Crowe Syndicate Management, which manages Syndicate 1211, has moved from "B average" to "B- average."

Chaucer Syndicates, which manages Syndicate 0587, has been changed from "B+ above average" to "B average."

Denham Syndicate Management, which manages Syndicate 0990, has been changed from "B average" to "B- below average."

AE Grant, which manages Syndicate 0991, has been changed from from "B average" to "B- below average."

Wren Syndicates has been downgraded from "B average" to "B-below average."


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.