Chubb's holding in Hiscox fell to 18.9% from 28.3% when it failed to buy into the Lloyd's insurer's rights issue.
The sale achieved a 62.8% take-up rate from other shareholders. The capital raising exercise offered shares at 120p each on a one-for-two basis. Left over shares were placed with institutional shareholders at 120.5p each including expenses.
The stock was selling for 122.5p in London as Insurance Times went to press.
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.
