Aspen Insurance has updated its assessment of estimated losses from Hurricanes Katrina, Rita and Wilma to between $470m and $535m after tax.
The figure is after recoveries from its outwards reinsurance program and the impact of outwards and inwards re-instatement premiums.
Aspen also announced a public offering of 6m ordinary shares with an approximate value of $200m, which will run concurrently with an offering of $200m in Perpetual Preferred Income Equity Replacement Securities (PPIERS).
PPIERS will be convertible into non-convertible perpetual preference shares and ordinary shares, or cash and ordinary shares, and will be listed on the New York Stock Exchange.
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.
