Winterthur Insurance Group's non-life arm has announced a full-year net income of £91.85m compared to....
Winterthur Insurance Group's non-life arm has announced a full-year net income of £91.85m compared to a net loss of £166.76m in 2003.
The results come despite a fourth quarter net-loss of £78.92m, following the raising of Winterthur's provision in connection with the sale of Winterthur International to XL Insurance (Bermuda) in 2001 by £107.91m.
The raise in provision led to the downgrading of the group's Moody's rating from stable to negative earlier this month.
Net investment income was £487.36m, up by £75.36m from the previous year, while total investment returns for 2004 were 4.5% compared to 4.1% in 2003.
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.
