Axa has struck a deal with Sun Life & Provincial Holdings' other shareholders to acquire their minority stake in the insurer.
The agreement values the minority 44.7% stake at £2.37bn, a premium of 54.1% above its frozen mid-market price of 327p on March 23.
The offer equates to 500p per share, plus a special dividend of 5p per share, and values Sun Life, whose general insurance businesses include Axa Insurance and PPP healthcare, at £5.3bn.
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.
