Investors are said to be borrowing shares in major companies including CGNU, Royal & SunAlliance, Prudential and Legal & General.
Traders intend to sell them before full-year results are released next week. They are hoping to buy the shares back at a lower price and make a profit.
This activity led to share prices falling. CGNU fell 16 to 797p, Royal & SunAlliance were down 10 to 294p, while Prudential dropped 32 to 682p.
The move was prompted by Belgo-Dutch insurer Fortis' profit warning yesterday which sent shockwaves through the market.
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.
