Insurer XL Capital has reported a 41% increase in second quarter underwriting profits.
The Bermuda-based company made $109.8m in the period compared to $77.9m in the second quarter of 2003.
In the same period, net written premium increased by 36% to $1.2bn, while the insurer's combined ratio improved by 2.3% on the second quarter of 2003, falling to 89.7%.
XL attributed the rise in written premium to higher new business volumes, commutations on certain reinsurance treaties, greater retentions on new and existing product lines and favourable foreign exchange movements.
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.
