Insurer blames 'second worst quarter ever' for single risk property losses
Advent, the specialist Lloyd’s insurer, reported a pre-tax loss of £5.5m for the first three months of 2008. This compared to a £0.5m profit in the same period last year.
The company said the first quarter result reflected the insurance industry’s second worst ever quarter for single risk losses with estimated aggregate losses in excess of $3.75 billion.
Gross premiums written, excluding the reinsurance to close premium, increased by 21.3% to £62.0 million compared to £51.1 million in 2007.
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.
