Insurer Zenith will exit the Lloyd's market and begin writing its motor book in Gibraltar from February 2003.
It is understood that Zenith's senior management decided to take the business offshore because of frustration over the high charges levied by Lloyd's.
This follows Admiral Insurance's decision to reduce its capacity in the Lloyd's market. Many other Lloyd's syndicates are also condsidering the move to Gibraltar.
Subject to regulatory approval, Zenith's £100m capacity motor business will be underwritten throught its Gibraltar subsidiary Zenith Insurance plc. The insurer hopes to increase its premium to £135m by 2004.
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.
