The president of the US-based Captive Insurance Companies Association (CICA) has said the economic consequences of the recent terrorist attacks on the US would be greater than initially estimated.
Carl Modecki, in his speech at the annual RISK conference in Guernsey, also said that new business would be created from the disaster.
He said captive insurance could be one of the few beneficiaries of the terrorist attacks. He added that many major corporations had already revised their insurance structures and were placing a greater emphasis on captives instead of traditional (re)insurance.
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.
