Swiss Re reported a 41% fall in net income, down to $1.1bn for 2005.
The reinsurer said the drop in net income was largely due to catastrophe claims of about 1.1 billion $836.6 m.
GWP fell to $23.17 bn in 2005, from $27.80 bn in the previous year.
The combined ratio for 2005 was 108.7%, compared with 97.0% for 2004.
Swiss Re said it expects its acquisition of GE Insurance Solutions to be completed about halfway through 2006. The deal will make Swiss Re the world's largest reinsurer.
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.
