Arbitration panel rules in favour of Allianz over twin towers
French reinsurer Scor has said the arbitration panel on the World Trade Center indemnification dispute has ruled that Allianz had not exceeded its rights and obligations, Dow Jones reports.
Scor and its retrocessionnaires will pay their share in the World Trade Center claim.
The additional costs resulting from the full coverage of two distinct events are estimated to €39m after tax and retrocession.
Scor said that these additional costs will not affect its financial position.
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.
