Catlin said the four hurricanes that devastated Florida would cost it $75m, $25m more than it originally estimated.
In a statement the company said as more information became available and planning costs were assessed it had been able to make a more considered estimate.
It said: “The higher estimate is primarily attributable to delayed notification of losses related to energy installations in the Gulf of Mexico caused by Hurricane Ivan.
“This estimate is subject to change, either upwards or downwards, as further information becomes available to the group.”
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.
