Fortis has recorded a £1.07m loss for the third quarter as losses from its equity portfolio undermine its performance.
The loss compares with a profit of £335m in the same period last year. Fortis' net loss over the first nine months was £55m, compared with a profit of £1.27bn in the same period last year.
Chairman Anton van Rossum said: "Due to the exceptional developments in the equity markets worldwide, as from mid-July the market value of our portfolio fell below its original cost for the first time in the history of Fortis."
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.
