Insurers’ figures boosted by exchange rate get traded down
The weaker dollar - at a seven month low against sterling - hit shares at Lloyd's of London insurers, with Amlin losing 2% to 342¾p and Catlin dropping 5.6% to 335p, the FT reports
"Simplistically, 2008 numbers were significantly enhanced by a move in the pound/dollar rate of around 35%, about one third of which has since reversed and will therefore be a negative in 2009 numbers," the FT quoted analyst Nick Johnson of Numis Securities as he downgraded Amlin, Catlin and Novae, off 3.5% at 362p.
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.
