Troubled Conseco, the US insurer struggling to pay off more than $6bn (£4.2bn) of debt, has asked for more time to pay it.
It has reportedly offered creditors a deal - better terms in case of bankruptcy in return for a longer length of time to pay off $2.5bn (£1.8bn) of the debt.
The offer is open until 12 April.
The company has had problems with debt since buying Green Tree Financial in 1998.
Moody's put Conseco's senior debt on review for potential downgrade following the move. It has also indicated it may downgrade its credit rating.
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.
