Moody's Investors Service has placed the A2 Insurance financial strength rating of SVB's Lloyd's Syndicate 1007 under review for possible downgrade in light of continuing reserve deterioration affecting SVB.
Moody's stated that the placing of the rating on review reflected the lower earnings forecast for the syndicate's 2002 year of account as a result of continued reserve deterioration.
The syndicate recently revised its forecast profit for 2002 from 14.5% of capacity to 10% of capacity, but more significantly reflects the heavy reserve deterioration for SVB-backed run-off Syndicate 1241, whose 2002 forecast has recently deteriorated by 18% of capacity.
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.
