Bermuda-based PXRE showed an increase in pretax earnings for the three months ended 31 December 2003, and for its full year trading.
Pretax profit for the fourth quarter of 2003 was up 19% to $25.8m, compared with $21.7m for the fourth quarter of 2002. Similarly, pretax profits for the full year were up 18% from $82.4m to $97.5m.
Turnover for the final quarter of 2003 was down from $88.7m to $83m. But turnover for the full year was up 19% to $320.9m from $269.4m for 2002.
PXRE president and chief executive Jeffrey Radke said the results were evidence of the company's return to a focus on catastrophe and risk excess.
Combined ratio for the fourth quarter was 75.6%, down from 84.2% for the comparable period in 2002.
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.
