Lloyd's investors to pick up £564m bill

Names will have to pay Lloyd's an average of £33,000 each. The demand follows a similar request for approximately £46,000 four months ago.

Last September, syndicates asked investors for £780m to fund losses arising from the World Trade Centre attacks. Now 29 syndicates have requested a further £564m to cover liabilities arising primarily from 1998 to 2001.

Some syndicates are calling for more than 20% of their capacity for a single accounting year. These include Crowe 808 which is requesting around £18.5m for 2000 and Sackville 1173 (formerly Cottrell & Maguire) demanding £50.3m for the previous year.

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.