Two executive directors of Independent Insurance denied any knowledge of the reinsurance contracts that contributed to the company's demise, the Financial Times (FT) reported today.
The FT said that finance director Dennis Lomas and deputy managing director Philip Condon had not been told about the contracts.
The unfavourable terms of the contracts stopped Independent's plan to do a rights issue in a bid to rescue the company.
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.
