Munich Re has placed catastrophe bonds worth €110m (£75m) to provide the reinsurer with added protection against Western European windstorm losses until 2009.
The company said the bonds will be triggered in the case of a 1-in-100-year windstorm event in Western Europe.
It added that the bonds are rated BB+ by Standard & Poor's.
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.
