AIG has estimated that Hurricane Katrina will cost the insurer around $1.1bn (£600m) after tax.
AIG said in a statement that its after-tax insurance-related losses will total $900m (£497m) and that it expects to incur an additional charge of roughly $170m (£94m) related to reinstatement premiums.
In addition, AIG said it expects the catastrophes to result in $60m (£33m) after tax in non-insurance losses, mainly from consumer finance operations, investment impairments and other factors.
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.
