Lloyd's has launched a product designed to cover US companies in the event of hostile bid or proxy contest.
Lloyd's broker Prentis Donegan & Partners helped develop the product. The cover reimburses costs associated with a hostile takeover.
The costs include investment bankers, public relations/advertising, attorneys, proxy solicitation, financial institutions, corporate management and printing/mail.
The product is in addition to the existing programme – the Aborted Bid Costs (ABC) Insurance policy, which reimburses public and private companies for direct costs associated with mergers and acquisitions transactions that have been terminated for reasons outside the control of the insured company.
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.
