Flotation from the end of 2009 possible
Insurance entrepreneur Peter Wood is trying to buy Esure from Lloyds Banking Group, according to a report this weekend.
Esure refused to comment on speculation that Wood had secured backing from Penta Capital and hedge fund Toscafund.
Wood, best-known for founding Direct Line, chairs Esure, which he set up as a joint venture with HBOS in 2001. Lloyds, which took control of HBOS this year, holds a 70% stake, with 24% held by Wood and 6% by the business’s management.
A clause in Wood’s contract is believed to allow him to push for a flotation from the end of the last year, something that the improved economy has now made possible.
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.
