RAC has received an approach that could lead to a takeover offer, the roadside insurer admitted today.
Shares in the company jumped a record 17% as the news spread, giving the company a market value of £1bn.
In a statement the company said: “The board of RAC confirms it has received an approach which may or may not lead to an offer.”
The company failed to give details of a potential buyer but reports have pointed to private equity firms which fought for control of the AA when it was put up for sale last summer.
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.
