Aviation reinsurance losses hit £18m after three crashes
The Air France plane crash helped pushed Lloyd’s insurer Novae into a £18.5m loss in the first half compared with a £16.3m profit last year, the FT reports.
Matthew Fosh, chief executive, said: "It wasn't just the Air France loss, there were aviation claims from Buffalo, the Yemen and the Hudson River.”
Aviation reinsurance losses were £18m.
Financial highlights (2008 in brackets)
- Net premiums written after reinsurance £145.4m (£125.9m)
- Pre-tax loss before foreign exchange movement on non-monetary items £2.1m (£16.8m)
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.
