Munich Re said it had "drawn a line under three difficult years" caused by falling stock market prices.
Even so, the insurance group posted a loss of ¤434m (£289m) for its 2003 operations.
In its full year results for 2003, the group said its underwriting profit had increased to ¤2bn, with gross premium income of ¤40.4bn, up from ¤40bn in 2002.
The combined ratios improved sharply, said Munich Re, with the ratio for reinsurance falling to 96.7% and the ratio for primary insurance falling to 96.4%.
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.
