Converium expects to report a net income of $200m (£140m) for 2002, it announced this week.
The reinsurer, formerly known as Zurich Re before being spun off by Zurich last December, has been struggling to deal with heavy losses for the last two years but says it now expects a big improvement in its underwriting record.
Chief executive Dirk Lohmann said that this year Converium should reach at least its target of a 12.5% return on equity of $1.6bn (£1.1bn).
Lohmann's confidence stems from the January renewal season in which two thirds of Converium's policies come up for renewal. 73% were renewed this season, and new business rose 21%.
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.
