Institutional shareholders have instructed lawyers to take legal action against Independent Insurance and its advisors, the Financial Times reported this morning.
And the Treasury will face questions this week about the insurer's liquidation, the FT said.
It said the institutions will be among the 200 creditors to meet this afternoon at the Howard Hotel in London to discuss the class action.
Meanwhile, Brent North MP Barry Gardiner has got an adjoiurnment debate in the House of Commons on Wednesday, where he plans to question the Treasury about the Financial Services Authority's role in regulating Independent.
He will also ask Economic Secretary Ruth Kelly about the role of Independent's auditors and actuaries.
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.
