Beazley has said it has reduced its profit forecast for 2005 by a further £40m due to losses from the recent US hurricanes.
The cut is in addition to the £20m reduction announced by the group on 7 September.
The company also raised its estimated loss from Hurricane Katrina to $100m from the previously forecast $50m.
The initial loss estimates in respect of Hurricanes Rita and Wilma are $15m for each, Beazley said.
The insurer said it has raised its premium capacity for 2006 to £830m from £742m and the group's participation will rise to 78% from 70%.
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.
