Munich Re could fall short of its full year profit target of ¤2bn (£1.4bn) as a result of the recent hurricanes.
The reinsurer said that its losses for the four hurricanes stood at around ¤500m. As a result, its target for the full year would be "much more difficult to achieve".
It estimated the total insured loss from the four hurricanes at $20bn-$35bn for the entire industry.
Hiscox said the hurricanes would reduce its operating profit by £25m for the year to 31 December.
Brit said its pre-tax profits for the full year would be reduced by £35m due to the hurricanes, while Kiln also said its 2004 pre-tax profits would be hit by an estimated £10m to £15m as a result of the hurricanes.
Chaucer added that its budgeted profits before tax for the year to 31 December would be reduced by £10m-£15m. But it ditched plans to reduce the capacity of Syndicate 1084 from £400m to £375m for 2005, and will maintain capacity at £400m.
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.
