Swiss Re has extimated its exposure to Hurricane Jeanne to be approximately $150m (£84m) before tax.
The company said that because the four hurricanes came in close succession and struck in a similar area there were issues that needed to be addressed before payouts could be made.
Swiss Re said it would take weeks before clients could assess which damages arose from which storms and their corresponding claims.
Swiss Re estimated its claims from the four hurricanes, together with Typhoon Songda in Japan, would be in the range of $750m.
It said there could be benefits from using some of its equalisation reserves to absorb part of the financial impact of these claims.
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.
