Analysts Fox-Pitt Kelton (FPK) have estimated losses caused by the terrorist attacks on the World Trade Center in New York could result in the largest insured loss in modern history.
FPK estimated that the losses range between $14bn and $24bn (£9.6bn and £16.5bn) and are likely to reach or exceed losses caused by Hurricane Andrew which stood officially at $16.5bn (£11.3bn).
The group added that demand for insurance was likely to increase and that US commercial primary and reinsurance rates should accelerate.
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.
