Markel’s £116.5m takeover nets £18m for chief executive
Abbey Protection’s senior team will share a payout of £65m following the legal protection broker’s £116.5m takeover by US insurer Markel.
The Independent reports that Abbey chief executive Colin Davidson and group managing director Chris Ward will each net £18m from the deal.
Head of the firm’s tax division Liz Grace will receive £12m.
The deal is still subject to investor approval. So far, investors holding 67% of Abbey’s shares have approved the takeover.
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.
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