AXA UK has revealed that the final cost of Stuart Alexander, Layton Blackham and Swiftcover, could reach £328.5m.
The two insurance brokerage firms will be combined but will maintain autonomy to develop business and maintain independent broking status. The total cash consideration paid for the firm's amounts to £58.5m.
Swiftcover, jointly owned by international insurer Primary Group and Swiftcover's management, has been bought with an upfront cash consideration of £75m with an additional potential earn out of £195m maximum over the next 4 years.
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.
