Eddie Truell has been granted preferred bidder status
Eddie Truell’s acquisition vehicle Tungsten is leading the race to buy embattled Lloyd’s insurer Equity Red Star.
Truell has been given preferred bidders status by Insurance Australia Group. However, Aquiline Capital Partners, a US private equity firm led by former AIG boss Hank Greenberg’s son, Jeffrey, is also reportedly keen.
Equity Red Star has suffered a series of heavy losses in recent years as it became one of the highest-profile victims of the bodily injury claims explosion.
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.
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