But insurers facing soft prices will not feel the benefit
Property and casualty insurers paid less for reinsurance as they renewed coverage on 1 January because of fewer catastrophes than expected and a large supply of capacity, Dow Jones reports.
Vinay Misquith, an analyst with Credit Suisse said the price cuts were only a "marginal positive" because of soft prices and lower demand for their own products.
Earnings are expected to drop in 2010, and possibly 2011 as well for P&C insurers and reinsurers. Insurers will be squeezed hardest.
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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.
