Top staff to enjoy £300m windfall
RAC is set to float for a valuation between £1.2bn and £2bn, according to reports.
If successful, the flotation would be double the value Aviva sold the business for in 2011 at £1bn.
Private equity firm Carlyle is considering listing the firm next month and hopes to fetch £2bn.
The private equity house is buoyed by the success of the AA, which floated in June.
CityAm says RAC chief executive Chris Woodhouse would make between £40m and £50m from the float, sharing around 22% of the executive share pool, while chairman Rob Templeman could make around £30m from his 13% stake in the share pool, according to Companies House filings.
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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