Speculation that investment arms may be hived off
Insurance companies may cease managing investments and hive off that side of their businesses, the FT reports.
It names Lloyds banking group and Legal & General as two considering the change, pointing out that until recently many of these institutions insisted that it was a core business.
The FT says: “Tim Breedon, L&G's chief executive, has always said that LGIM was a core business.
“But he has also told analysts that the value of LGIM was not fully recognised in L&G's share price.
“A big cash offer might be enough to turn the board's head, say those familiar with the group.”
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.
