US investment bank Citigroup is considering a possible £1bn bid for Egg PLC, the internet bank, according to reports.
It is understood that Citigroup chief executive Chuck Prince had given approval for small, bolt-on European acquisitions. “Egg would fit the bill in this respect” one analyst reportedly said but Citigroup itself refused to comment.
Egg is 79% owned by Prudential PLC, the British Insurance group headed by Mark Tucker. Analysts believe it is only as matter of time before Tucker decides to sell Egg, which has attracted interest from MBNA, the US credit card operation, and from Royal Bank of Scotland PLC and HBOS PLC.
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.
