Shares in CGNU confounded expectations by showing a slight rise this morning after the group was downgraded by Salomon Smith Barney.
The insurer was moved to `neutral' from `outperform' following its first quarter new life business figures last week.
Schroder set a fair value at 775p, down from 825p, raising concerns over growth forecasts in European life business, its capital position and dividend cut.
The shares were this morning selling for 696p, having risen 5.5p (0.8%) in early trading.
CGNU reports on general insurance on 1 August.
Its worldwide life business saw sales up 10% to £629m.
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.
