Despite record natural disaster losses in 2004, recent reinsurance renewals failed to generate massive rate increases, UK-based Aon said.
Aon's deputy chairman for reinsurance Charlie Cantlay said 2004's hurricane season had not been an industry changing event, unlike the World Trade Center attacks.
According to Aon, the unprecedented season stabilised rates in the reinsurance market and had a calming affect on the softening cycle.
The company also said the Asian tsunami would not greatly impact reinsurance pricing.
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.
