The world's largest reinsurer, Munich Re, has said it estimates that damage claims against it, after Tuesday's attacks on the World Trade Center in New York, would amount to around Euro1bn.
The company added that the scale of the damage would have a significant effect on its 2001 full-year net profit but would not affect its financial stability.
The insurer confirmed that it is well prepared for catastrophes, even of this dimension.
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.
