Goshawk has announced that its reinsurance subsidiary Rosemont Re is likely to go into run-off.
The insurer added that, should this happen, there could be no certainty as to either the value or timing of payments to the company's shareholders.
Goshawk previously announced that it was considering Rosemont Re's future, entailing either a significant capital injection into the reinsurer or the sale of it.
In a statement this morning, Goshawk said discussions had now ended and that the board was now seeking to maximise the value of Rosemont Re for the benefit of the company's shareholders.
The company said a further announcement would be made when appropriate.
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.
