DANISH Re Group has made a net loss of US$9m (£6.3m) for its first year of trading.
Results for the year 2000 reveal the company had a gross written premium of $152.5m (£107.4m) and net premiums of $115.2m (£81.1m).
It made a gross underwriting profit of $15.8m (£11.1m) and a gross loss ratio of 64.5%. But overall Danish Re, which set up ten offices around the world last year, saw a net loss of $9m (£6.3m).
Chief executive officer Leif Corinth-Hansen, said: “We had a good year 2000 result but the bottom line loss was as budgeted and caused by start-up expenses.”
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.
