Standard & Poor's Ratings Services has assigned SVB Syndicates 2147 & 1007, Assigned Lloyd's Syndicate Assessments of '2'(high dependency).

The ratings agency said the outlook on the syndicates is stable.

Standard & Poor's credit analyst Matthew Day, said: "The assessments on the syndicates primarily reflect the potential drag on ongoing profits caused by the legacy business, as well as the marginal capitalization and limited financial flexibility of the syndicates' principal backer, SVB Holdings."

"These weaknesses are mitigated, however, by the syndicates' good forecast operating performance, strong competitive position, and the strong financial strength of the UK based Lloyd's insurance market."

Lloyd's is currently rated A by Standard & Poor's but it is on ratings watch negative.

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.