Fortis eyes sale of RBSI but does not have “unlimited” funds
Fortis chief executive Bart De Smet admitted watching a number of insurance businesses that are or will soon be for sale but said Fortis may not have enough capital to pay the price, Dow Jones reports.
Royal Bank of Scotland being forced to sell its insurance businesses as part of it restructuring agreement reached with the European Commission, was named as a potential.
"We have discretionary capital to invest but it's not unlimited," De Smet. "The amounts that are circulating are probably of another order.”
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.
