Australian insurer AMP said it had closed the books on its attempted UK expansion, positing a loss of A$5.542bn for 2003.
It said its results primarily reflected massive write-downs and the loss on the demerger from its UK operations.
The company spun-off its loss-making UK units at the end of 2003, creating HHG in the UK and AMP in Australia/New Zealand which are now listed separately on the Australian and London stock exchanges.
AMP's loss for 2003 is the second largest in Australian corporate history, said a report.
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.
