Brit's bid to buy up professional indemnity insurer PRI has become unconditional.

The offer now remains open for acceptance until further notice.

By last Thursday, Brit's offer had been accepted by shareholders representing 96.1% of PRI's total stock.

Brit already owned a small shareholding before it made the offer.

This means Brit owns or has acceptances covering 96.7% of PRI's stock.

Brit chairman Clive Coates said: "This is a tremendous leap forward for Brit.

"We believe the combined businesses of Brit and PRI provide an excellent opportunity to service the UK and other insurance markets."

Brit chief executive Neil Eckert said: "This transaction further establishes Brit as a market leader in the UK small to medium commercial insurance sector."

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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