THB's profits increased 100% as the Lloyd’s broker predicted a hard market.

Pre-tax profits were up 100% to £1.9m for the first six months of 2011 compared to the same period last year. Broking profits rose 21% to £4.8m and fees and commissions increased 6% to £26m in half-year results.

THB said in a statement: “After heavy catastrophe losses in 2010, which have already been exceeded in the first half of 2011, insurance markets are poised and ready to turn the event of an active hurricane season. Indicators point to a hardening market, but surplus capacity could limit the upside impact.”

THB is currently in talks with US wholesaler AmWINS Group over a merger.

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.

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