Private equity firm Apollo considering revised offer
Brit Insurance has confirmed that it received an “unsolicited indicative proposal from a private equity group regarding a potential cash offer for the Group” and rejected it.
Brit said: “It significantly undervalues the Group and has accordingly advised the potential offeror that it does not represent a basis on which the Board is prepared to engage in any further discussions.
The FT named the private equity firm as Apollo, founded by Leon Black, and said it was considering whether to return with a higher offer.
The Telegraph said Apollo offered £10 a share for Brit – a 30% premium to last night’s closing price of 729p.
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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