Claims to be covered by catastrophe margins
Lloyd’s insurer Beazley expects net losses of about $90m (£55.9m) from Superstorm Sandy.
Beazley said the majority of Sandy claims will be covered by catastrophe margins.
“The company therefore expects a full year 2012 combined ratio in the low 90s,” it said in a statement.
Earlier this week, Chubb said it expects to make an after tax loss of approximately $570m from the US storm, and ACE could take a hit of approximately $380m.
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.
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