Deal includes Co-op Insurance Society and Co-op Asset Management
The Co-operative has struck a deal to sell its life and asset management businesses to mutual life insurer Royal London for £219m.
The deal comes more than 18 months after the initial announcement in July 2011.
Under the deal, Royal London will buy Co-operative Insurance Society and its associated subsidiaries as well as Co-operative Asset Management.
Royal London said its funds under management would increase from approximately £50bn to around £70bn after the deal.
Co-op is also rumoured to be mulling a sale of its general insurance unit.
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.
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