Air France disaster to hurt Lloyd’s and prompt 20% price rise
Lloyd’s insurer Novae lost 13½p to 360p amid concerns it would be liable for some of the losses generated by the Air France crash, the Times reports.
RBS analysts said: “The Air France plane crash will be a costly airline disaster for the insurance industry and the Lloyd’s market will have a share of it.” But it added that many of the Lloyd’s insurers might benefit longer term because premium rates could rise by up to 20% as a result.
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.
