Achilles and Brit hand more time to shareholders

Achilles, the private equity consortium set up to buy Brit Insurance, has extended the deadline for shareholders to accept its offer to 1pm on 29th January.

So far, 71% of Brit Insurance shareholders have accepted the Achilles takeover offer of up to £11 per Brit share, agreed in October.

The one week extension is the fourth given to shareholders.

Last week, Achilles extended the final date by which its offer for the Lloyd’s insurer must become unconditional, also known as Day 60, to 1pm on 18 March. Day 60 was originally set for 22 January.

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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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