The sale of loss adjuster GAB Robins has run two months overdue, fuelling speculation that due diligence has thrown up problems.
Staff initially expected the announcement to be made at the end of July.
However. one senior staff member, Clive Nicholls, said this week the new parent company would be revealed tomorrow.
US financial group, GE Capital, is touted as the possible buyer by industry sources.
A spokesperson was unwilling to comment on the sale but admitted it was dragging on far longer than expected.
GAB Robins has been on the market since February after its Swiss parent – Societe Generale de Surveillance – decided to asses its worldwide operations following poor results.
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.
