Major London Market reinsurer Copenhagen Re has suspended underwriting in order to better understand its exposure to US tragedy losses.
Ratings agency AM Best subsequently downgraded the reinsurer from A- (excellent) to B++ (very good).
Meanwhile, AM Best has downgraded QBE International Insurance and QBE Reinsurance (Europe) to A- (excellent) from A (excellent). The rating of IronTrades Insurance has been placed under review with negative implications.
The action reflects AM Best's concerns over QBE Group's potential losses following the World Trade Centre disaster.
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.
