Private equity set to take controlling stake.
Private equity house CVC Capital is in talks to take a 51% stake in RBS’s insurance arm, according to a report in the Financial Times.
The recently nationalised bank is understood to have opened up the sale to private equity bidders following its failure to find a trade buyer. American insurer Allstate is understood to have been the only one to table a bid, which RBS believed was too low.
The insurance arm, which includes household names such as Direct Line and Churchill, originally had a price tag of £7bn. The bank is now expected to accept less.
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.
