Royal & SunAlliance has predicted that it will see the biggest growth in its specialist business lines this year, given "tough" trading conditions in the general SME market.
Brendan McManus, the insurer's commercial director, said that the competitive nature of the SME market meant that it was difficult to differentiate its policies.
He said: "We will see the greatest growth in specialist areas such as FINPRO [financial and professional risks] and Risk Solutions [which handles larger risks]."
McManus also said the insurer would be looking to set up more schemes and offer binding authority arrangements with specialist commercial brokers.
"We want to be a specialist insurer with a multi-niche strategy," he added.
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.
