Chaucer has said it expects group pre-tax profit to be "not less than £34m" for the six months to 30 June, materially ahead of its expectations, mainly due to a strong underwriting performance and the effect of International Financial Reporting Standards.
The insurance company said it was too early to make a reliable estimate of the impact of the effects of Hurricane Katrina, but it estimated that the cost to the group, net of reinsurance and reinstatement premiums, would be £35m before tax.
It added that Katrina was destined to become the largest single insured loss on record and would cause premiums to move upwards across a number of classes, not only in those areas affected.
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.
