Reinsurers face cost-cutting after global prices fall
Reinsurers are heading for a year of cust cutting after the December contract renewal season saw prices fall for the fifth year in a row, the Financial Times reported.
Property reinsurance prices fell worldwide, the FT said, quoting Willis Re International.
While Asia was the worst hit with declines of 15%, the UK saw falls of half that rate, while the US saw falls of up to 5%.
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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