IGI Group could be sold within days to US insurer Amtrust Group after months of negotiations.
According to a source close to the company, the sale could be completed "any time now", as meetings continued this week.
If completed, Nasdaq-listed Amtrust, the multinational property and casualty insurer, will be the third company to take control of the UK commercial specialist in the past 15 months.
Following major shareholder investment by Iceland's leading insurance company Vátryggingafélag Íslands hf (VÍS) last year, IGI managing director Keith Wardell said he expected the UK insurer to grow its current gross written premium to £100m by 2009.
IGI refused to comment.
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.
