SVB will have access to £20m letter of credit facilities from Lloyds...
SVB will have access to £20m letter of credit facilities from Lloyds TSB.
SVB said the credit is available as funds at Lloyd's to support it's underwriting for the 2005 and 2006 years of account.
As a result, reinsurer letters of credit for £6m and $25m will be substituted and released as part of the June 2005 coming into line process, it said.
The facility reduces the cost of the top £20m of SVB's capital base.
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.
