Lord Levene’s NBNK Investments wound up after failing to muscle into high street banking
Former Lloyd’s chairman Lord Levene is winding up investment vehicle NBNK Investments, squandering more than £30m of investors’ money.
NBNK had failed to buy Yorkshire Bank, Clydesdale Bank, Northern Rock. The latest attempt was for Verde, a group of 632 branches being carved out of Lloyd’s bank.
But after Lloyd’s revealed yesterday that it would instead re-enter exclusive talks to sell to the Co-op, Levene and his partners made the decision to close up the fund and return the remaining money to shareholders.
Aviva was was one of the investors in the fund, and is nursing a £3.45m loss.
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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