The terrorist attacks in Madrid are unlikely to have an impact on terrorism rates and exclusions in the UK, said experts.

Hiscox war, terrorism and political risks underwriter Stephen Ashwell said: "The market will not have a knee-jerk reaction to the bombings, but a measured response."

Pool Re chief executive Steve Atkins said that although the bombings were shocking in terms of the human cost, they were in line with the warnings that the government, police and UK authorities had been issuing over the heightened risk of terror attacks.

The Madrid bombings are unlikely to have an impact on Lloyd's due to the Spanish government-backed terrorism pool arrangements.

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.