Chief executive Nigel Wilson reports growing demand for private placements
Legal & General is planning to lend money to medium-sized companies that want to reduce their dependence on bank borrowing.
L&G would lend sums as low as £20m for up to 10 years as “private placements”, chief executive Nigel Wilson told the Financial Times.
“We will step up and take over some of the roles that the banks have fulfilled over the past 20 years,” he said.
L&G is planning to launch its lending operation by the end of the year.
M&G, the investment managing arm of Prudential, has already invested £2bn in private placements.
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.
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