Losses between £88m and £120.6m calculated

XL Group has announced a preliminary loss estimate of between $135m and $185m (£88m-£120.6m) for the Thailand floods last year.

The estimate is pre tax and net of reinsurance and reinstatement premiums.

Around two-thirds of the losses relate to XL’s insurance arm.

XL also had additional losses of around $35m for catastrophe loss events from the first three quarters of 2011.

 

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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