Arch Capital has announced that it expects its 2005 third quarter net operating earnings to be hit with a $173m loss due to Hurricane Katrina.
The new figure by far exceeds the company's previous maximum probable loss estimate, which was in the range of $110m to $160m.
The Bermudan reinsurer also quoted further hits of $48m for Hurricane Rita, an additional $18m for hurricanes Dennis and Emily, and $13m for the European summer floods.
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.
