Shares in Charles Taylor fell 11% yesterday after the company said its earnings in 2005 were likely to be affected by the weakening dollar.
The mutual insurance manager and consulting group said trading would be in line with market expectations of £10.6m, but the figure would be affected by the poor dollar and increased servicing costs for its mutual services in the US, reports said today.
The Asian tsunami and extreme 2004 hurricane season would also have consequences for the company, it said.
The shares were down 24p to 209p yesterday. It is its lowest rate since September 1998. In 2002 the stock took a battering as it halved an all time high of 440p.
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.
