Kiln has said that it believes the combined pre-tax cost of Hurricanes Katrina and Rita to shareholders will be £42.5m to £52.5m, of which Hurricane Rita is expected to account for £7.5m to £12.5m.
Kiln also said that following the hurricanes, it is seeing good rate rises in many of its core classes of business, most notably its property catastrophe reinsurance, property and marine portfolios of business.
The company now expects average rate increases of 12.5% for 2006, compared with a previous expectation of average rate decreases of some 7.5% across the Kiln portfolio.
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.
