Hiscox has increased its expected net loss from Hurricane Katrina $110m, up from an original estimate of $100m.
The group predicted that it will lose a further $70m as a result of Hurricane Rita.
It said the hurricane losses will cut its pr-etax profits for the full year by about £25m.
But Hiscox said it planned to raise the 2006 premium limit for its main Lloyd's syndicate to $833m from an original limit of $775m, in order to take advantage of an anticipated rise in rates.
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.
