AM Best has commented that all ratings of Converium AG (Switzerland) and its main subsidiaries remain unchanged following the announcement of the consolidated half-year 2005 results.
Converium achieved a pre-tax profit of $49.2m in the 2nd Quarter of 2005, compared to a loss of $381.9m in the previous period. The loss ratio for ongoing business also improved by 8.9% to 73.4% in the 2nd Quarter of 2005.
However, Converium's overall pre-tax half-year results remain unprofitable ($16.4m) as the impact of catastrophe claims, commutations and moderate additional reserve strengthening for run-off business in the first three months of 2005 were not fully offset by the positive development in the 2nd Quarter of 2005
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.
