But deal has stopped, it is believed.

Marsh is understood to have been looking at consolidator Oval in a deal that would have transformed the UK broking landscape.

However Insurance Times understands that talks have stalled and there is no deal on the table at present.

Oval chairman Philip Hodson said the rumours were "absolutely absurd". Marsh declined to comment.

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.
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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