Lloyd's expects claims from the New Zealand earthquakes of NZ$2bn (US$1.7bn), the New Zealand Herald reports.
The figure was given by Lloyd's chairman Lord Levene at a breakfast address to members of the Insurance Brokers Association of New Zealand on Monday.
Lloyd's issued a loss estimate of US$1.2bn for the New Zealand quakes in May this year. However, a further earthquake hit the city in June, which would have added to the figure. In addition, Lloyd's warned when it gave its initial estimate that actual claims may vary.
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.
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