Company hit by Tianjin explosion and Chile earthquake
Global (re)insurer Validus expects to pay out net claims of $63.9m (£42m) from recent disasters.
The amount includes $43.9m for the 12 August explosion in the Chinese port of Tianjin and $20m for the September 16 earthquake in Chile.
The amounts are net of reinstatement premiums, reinsurance, retrocession and other recoveries.
Some $48m of the claims bill has emanated from Validus Re, while $15.9m has come from Validus’s Lloyd’s subsidiary Talbot.
Validus warned that the actual losses may differ from this initial estimate.
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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