Lloyd's Names are set to benefit significantly in their 2002 and 2003 years of account. The Association of Lloyd's Members (ALM) forecast that individual Names could make profits of 20% of capacity for both years.
As Names are only required to provide capital backing of 40% of capacity, the total return for 2002
and 2003 combined could be 100%.
The ALM predicted that managing agents would make profits of £1,671bn for 2002 and £1,780bn for 2003 accounts.
ALM chairman, Michael Deeny said: "It's easy to forget just how much money Lloyd's can make when it is firing on all cylinders and that Names do better than Lloyd's corporates."
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.
