Brit and Pamplona vying for Chaucer nudges shares up 3%
Brit has offered Chaucer shareholders about 0.23 of Brit shares for each Chaucer share, the Telegraph reports, valuing Chaucer at about 40p a share.
But rumours of a £70m Brit fundraising triggered speculation it could add a cash element to its offer for Chaucer.
Brit is vying with hedge fund Pamplona Capital Management for Chaucer. Pamplona is said to be willing to offer 45p a share for a 29.9pc stake in Chaucer.
Chaucer’s shares rose 3%, up 1¼ to 41¼p.
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.
