Lloyd’s insurer flotation could pave the way for AA sale

Brit Group is to price its London listing at 235-240 pence a share, valuing the company at £960m, according to Reuters.

The Lloyd’s of London insurer is planning a 25% sale of 100m shares. The final price is to be announced today after markets close.

The price range has been narrowed from the original range of 230-275 pence a share. Brit is owned by private equity funds Apollo and CVC.

The flotation, if it goes well, could set the lead for broking group Acromas to float over-50s insurance broker Saga and then sell the AA, which contains its insurance broking arm.

The Saga/AA broking arm pulls in £548m brokerage, according to Insurance Times Top 50 Brokers, partnered with acquisitions advisory firm IMAS.

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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