Lloyd’s insurer’s claims experience from financial institutions worsens
Lloyd’s insurer Novae’s financial institutions business made a loss in 2013 after the company had to strengthen reserves against rising claims in the business line.
The company said in its 2013 results that it had to bolster reserves for “specific sub-prime claims arising from the global financial crisis”.
Novae added that it continues to benefit from “extensive reinsurance protections” which limit the net effect o the claims on the Lloyd’s insurer’s results.
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.
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