Significantly higher premium growth was the driving force being a 400% increase in profits for Aspen Insurance Holdings, said a report.
The Bermuda-based insurer and reinsurer recorded net income of $152.1m for the 12 months ending 31 December 2003, up from $28.6m for the previous year. Aspen began operations only in June 2002.
Gross written premiums rocketed to $1.3bn, up from $374.8m in 2002, said the report. Net written premiums stood at $1bn in 2003, compared with $312.6m for the previous year.
Aspen's combined ratio for 2003 stood at 78%.
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.
