Two insurers have been revealed as creditors of debt-laden football club Leicester City.
Gerling and American insurer, Teachers Insurance and Annuity Association (TIAA), were reported to have provided cover to the first division club, which is now under administration.
Several sources have revealed that Gerling UK is exposed to a £4m loss by insuring a "provider of sale" finance deal.
Finance deals transfer a football club's "right to use" a player to a bank, in return for a cash payment. The club then leases the player from the bank for regular payments covered by insurance.
Education cover firm TIAA is believed to have provided a £33m bond to help fund its new stadium.
Both companies refused to comment on the allegations.
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.
