SVB Holdings expects to lose an estimated £20m as a result of the terrorist attacks in the US, it announced.
The sum is equivalent to just over 10p a share before tax.
The firm, which operates within Lloyd's, said it expected its syndicate 1007 to lose £8m, 1212 to lose £7m, 1241 to lose £4m and syndicates 575 and 2147 to lose £8m.
The estimates include reinsurance payments but exclude profits from other trading.
The costs will be included in company results for the second half of this year.
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.
