US insurer American International Group (AIG) has pulled out of plans to buy three Hyundai financial companies.
AIG ended the $833m (£580m) deal after issuing an ultimatum to South Korean regulators. The New York-based insurance company had been demanding the government should accept liability for the hidden debts.
Korean finance officials said that the government was considering approaches from at least two unnamed foreign investors
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.
