The Tamil Tiger rebel suicide attack at Sri Lanka's international airport last month has cost more than just lives.
Gunmen targeted a nearby military base, blowing up six passenger planes, including three Airbuses.
Eighteen people were killed in the assault and eight military planes were set alight.
Market sources have reported that to date there has been a claim for £360m, but there is speculation this could rise to £500m.
London Market insurer Ace has confirmed it underwrote 28% of the policy.
Air fares between Europe and Sri Lanka have also seen an increase of 10% because of high insurance surcharges.
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.
