General Electric and Berkshire Hathaway today announced that GE Insurance Solutions has entered into a letter of intent for the sale of Medical Protective Corporation, to National Indemnity, a unit of Berkshire Hathaway.

Under the terms of the letter of intent, National Indemnity will acquire a 100% ownership of Medical Protective Corporation and its subsidiaries from GE Insurance Solutions.

The transaction, which is subject to completion of a definitive agreement as well as regulatory approvals, is expected to close by 30 June 2005.

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.
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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