Paris-listed insurer AXA has revised its expected losses from the terrorist attacks in the US to $550m (£375.2m) pre-tax from $300m (£204.7m) to $400m (£272.9m).
The group said the new figure represented its net total potential loss burden and was based on a review of the exposure of both its insurance and reinsurance operations to the attacks.
It said the net loss on its insurance business was estimated at $150m (£102.3m) and was split evenly between life, property and casualty and aviation coverage.
The loss sustained at its reinsurance business is expected to be approximately $400m (£272.9m).
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.
