Credit insurer Atradius this week declared end of year net profits of €50m (£34.1m) for 2004, a 228% increase on 2003's €15.3m (£10.4m).
Pre-tax profits rose by 104% to €58m (£39.5m) from €28.4m (£19.4m) in 2003.
The insurer said net profits benefited from a lower effective tax rate of 14% compared to 48% the year before.
Overall combined ratio for 2004 was 91.5%, compared to 101.2% in 2003.
In 2005 Atradius will launch a 'global marketing campaign,' open an office in Hungary and enter into a 'co-operation agreement' with Tokio Marine & Nichido Fire.
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.
