Car carriers could become an uninsurable class, following a recent spate of losses. The high profile sinking of the Tricolor last December is just one of many recent casualties. British marine underwriter Peter Christmas said underwriters are "concerned" about the frequency of losses, as "three or four have occurred recently".
The sinking of the Tricolor will cost insurers three times the original estimate of £55m. Christmas said "some" of the loss would be borne by the London Market, with the majority falling on Norwegian insurers. Reinsurers will be hit quite hard, though, with Munich Re taking "quite a big share".
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.
