Premium finance specialist Singer & Friedlander cost its owners £2.25m last year.
The bank said that the charge reflected losses "incurred and to be incurred by our insurance premium finance subsidiary arising from the development and launch of a new product."
The banking group's operating profit before tax and non-operating exceptional items fell to £40.7m in 2002 compared to £63.9m the year before.
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.
