Three Japanese insurers have settled their damages against US reinsurer Fortress Re over losses in connection with the 11 September 2001 attacks.
According to reports, Aioi Insurance Company, Somo Japan Insurance Inc, and Taisei Reinsurance Company were awarded approximately ¥16bn (£79m) in real estate and other assets from Fortress Re to settle the case.
Fortress Re had already paid the three companies ¥28.4bn in December 2003 in relation to the suit.
The Japanese insurers claimed they had incurred losses due to Fortress Re's improper accounting as their agent for reinsurance contracts related to the terrorist attacks, said the report.
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.
