Talks said to be at very early stage
CVC has made an informal £1bn approach to buy a large stake in roadside assistance firm RAC from fellow private equity firm Carlyle, the Sunday Times reported, citing senior City sources.
Discussions were reported as being at a very early stage for RAC, which also provides motor insurance. RAC was owned by Aviva until Carlyle’s £1bn takeover of the firm in 2011.
There had been speculation that RAC would be floated on the stock market until last year, when Carlyle sold a stake in the company to Singapore sovereign wealth fund GIC. That deal valued RAC at £2bn.
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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