Moody's has announced that it does not anticipate taking extensive rating actions on property and casualty insurers despite the effects of Hurricane Katrina.
The group's senior analyst, Jeffrey Berg, said: “We do not anticipate widespread rating downgrades for a number of reasons" – one being that most rated insurers are associated with reasonably large insurance groups with capitalisation sufficient to effectively absorb their share of even a $25bn industry event.
The firm also said the scope of damage to automobiles caused by Katrina is likely to be far greater than in a typical hurricane due to the immense amount of flooding that it created.
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.
