Quanta Capital has reported estimated losses of up to $58m from hurricanes Katrina and Rita.
The Bermuda-based insurer and reinsurer said it expected Hurricane Katrina to generate losses of between $40m and $50m while Rita is expected to make losses of between $2m and $8m.
Following the announcement, US-based AM Best placed its ‘A-' financial strength rating of Quanta Reinsurance and insurance operating subsidiaries, Quanta Indemnity, Quanta Reinsurance US, and Quanta Specialty Lines Insurance under review with negative implications.
The ratings agency also put the A- financial strength rating of Quanta Europe under review with negative implications.
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.
