Management with 50% of voting rights waits for market return
Peter Woods’ Esure’s management team, which holds 30% of the company but half the voting rights, has decided to remain part of the Lloyds Banking Group and float when the market picks up, the Telegraph reports.
Wood passed over a clause in his contract last year that would have allowed him to trigger a flotation or sale of Esure. HBOS would have been given first refusal of the stake.
A spokesman for Mr Wood confirmed that he would not be seeking a flotation at the moment.
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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.
