Lloyd's insurer SVB has revealed it is increasing its reserves for liability losses and expects greater losses for syndicates 575, 1212 and 2147 for 2000.
SVB revealed trading conditions in 2002 have been favourable and the outlook for 2003 is very promising. The insurer will generate £438m in 2003, it said.
Chief executive Matthew Fosh said: "We are pleased to have achieved an increase in SVB's underwriting for 2003.
"We are still dealing with some problems from the past, as is evident in revision to some syndicate forecasts.
"However, we are determined to provide ever more certainty over the company's position, whilst simultaneously putting ourselves in the position to capitalise upon the opportunities which exist now."
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.
