Swiss reinsurer Converium generated a $56.2m (£34m) surge in profits during the second quarter of this year.
The reinsurer said growth in specialty lines and standard property and casualty helped boost its net profit to $59.1m (£36m), up $2.9m (£1.8m) against 2002 second quarter figures.
As a result, net profit in the first half of 2003 was $84.6m (£52m), it said.
Chief executive Dirk Lohmann said that although Converium has been taking on more longer-tail business, it is "currently reviewing strategies" ahead of 2004 renewals.
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.
