Loss adjuster Capita McLarens is understood to have put a proposal to insurer ACE that would put all ACE's pre-1999 London Market run-off business into one portfolio.
A spokeswoman for ACE in London refused to comment on the likelihood, while a spokeswoman for Capita McLarens said: "We have no comment. We never comment on speculation."
The London Market operations of Bermuda-based ACE have experienced several changes in recent times.
A source close to the company said: "Their Lloyd's and global market operations seems to have gone through one change after another."
"Formal news may emerge soon," he said.
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.
