Benfield has turned in weaker first-half profits, weighed down by investment costs and cyclically weaker reinsurance prices.
The company said pre-tax profits before exceptional items for the six months to 30 June came in at at £74.8m, down from £88.3m previously.
Benfield said it expected Hurricane Katrina to support reinsurance pricing in the months ahead, but reiterated that revenues for the full year would be flat.
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.
