Swiss Re has made a £435m raid on its reserves after taking a £1.2bn hit from the 11 Septmber disaster, according to its latest set of financial results. The results announce net losses for 2001 of £82m.
The company's estimated WTC loss is up 45% from the last estimate made by the world's second largest reinsurer. Swiss Re is locked in a battle with WTC owner Silverstein over whether Silverstein can can claim for two separate events or one.
The company is predicting a positive outlook for earnings in 2002, as renewals since 1 January have been negotiated with significant rate improvements, the company said.
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.
