Australian insurer QBE has ruled out raising its bid for Lloyd's underwriting agency Limit following its approach a couple of weeks ago.
QBE has offered Limit a £1.20 per share in cash, which threw into doubt the merger of Limit with fellow Lloyd's agency Wellington. The terms of the proposed merger are for every Limit share, a shareholder will receive an Ensign share and Wellington shareholders receive 0.91 pence of an Ensign share.
Any recommended offer would be subject to conditions, including the recently announced merger proposal of Limit and Wellington Underwriting not proceeding, regulatory approvals and achieving a minimum acceptance level.
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.
