The European Commission has approved plans by the US financial services firm Liberty Mutual Insurance to buy the Spanish units of Royal & Sunalliance (R&SA).
UK-based insurer R&SA announced this July that it was selling its Spanish units to Liberty Mutual for £134m.
The sales of R&SA Vida y Pensiones and Regal Insurance Club were approved under the commission's new simplified procedure.
This procedure allows uncontroversial transactions to be approved within one month if no one raises competition concerns.
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.
