Alea may be forced to sell itself after Standard & Poor's stripped it of its important A- rating last week.
The insurer said in a statement that it was exploring "strategic initiatives" after its ratings were slashed to BBB+ with a negative outlook in a move by S&P that was prompted by the group's poor interim results and disappointing operating trend.
Alea suffered a 47% decline in its first half profits to $25.9m from $48.8m in the same period of 2004
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.
