Converium Holding has attributed between $10m and $20m of losses to Hurricane Katrina, basing its estimate on the industry-wide loss forecasts of around $25bn.
The group has reduced its exposure in the US after a series of losses and adverse development, following claims of between $15m and $30m from flooding in Central Europe last month.
A spokeswoman for Converium said “The losses from Hurricane Katrina and the European floods are likely to add between 1.5 and 3 percentage points to Converium's combined ratio for 2005”.
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.
