Converium today reported a net loss in the first quarter of $61.8m (£32.2m), compared to...
Converium today reported a net loss in the first quarter of $61.8m (£32.2m), compared to a net profit of $65.7m (£34.2m) in the same period last year.
The Swiss reinsurer blamed ‘a heavily discounted commutation' and large winter storm losses for the poor result.
The non-life combined ratio for Converium's ongoing operations was reported as 115.7% in the first quarter of 2005, compared to 93.0% in the same period of 2004.
The group's gross written premiums were $717.5m (£373.7m), 48.1% down from Q1 of 2004.
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.
