Insurer's estimate increased to $160m
Specialist Lloyd's (re)insurer Amlin has raised its estimate of claims arising from the New Zealand earthquake.
Amlin’s current estimate, based on client estimates, has increased to $160m from $75m - an increase of $85m on the initial estimate.
At current rates of exchange this is an increase of £55m pre-tax.
The revised estimate is principally driven by the increase of the range of insured loss estimates for the event in respect of a major client.
Amlin's announcement follows similar estimate revisions by Catlin, Omega, PartnerRe and Aspen.
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.
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