Aspen CEO Chris O'Kane predicts rates will decline on certain lines in 2007
Aspen group chief executive Chris O'Kane, commented today on Aspen's initial outlook for 2007.
He said: “While we expect market conditions to remain generally attractive in 2007 we anticipate that rates will decline in certain of our product lines. We therefore expect gross written premiums to be approximately $1.9bn plus or minus 5%.”
“We expect the reduction in our retrocessional expense and a number of other changes in our underwriting portfolio to result in an improvement in our net underwriting margins. We currently expect that our combined ratio will be in the range of 83% to 88% assuming no major losses or prior year reserve movements.”
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.
