Hiscox has reversed its decision to cut the amount of business the company will write next year because the effects of hurricane Katrina will stop the slide in premium rates.
Robert Hiscox, chairman, said: "As always, after disaster, come opportunities. Reinsurance rates are definitely going up."
Hiscox has kept to its £55m estimate of net losses but has said that these could be absorbed by a business in which underwriting was still healthily profitable.
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.
