SVB bought out the remaining capacity on Syndicate 1241 it did not already own.
The Lloyd's operator bought out 11 remaining investors to own 100% of the syndicate's capacity.
The syndicate will be merged with SVB's other 100%-owned syndicate, 2147, from 1 January.
SVB chief executive Rupert Villers said there would be no changes either to staffing or the business mix as a result of the merger.
"When we own 100% it makes sense to combine them," he said.
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.
