Shares in Royal & SunAlliance (R&SA) closed up by almost 5% at 81 1/2p on Friday after reports that a UK entrepreneur had planned a bid for the company.
UK financier Andrew Regan is reported to have begun targeting R&SA at the beginning of the year.
Regan is yet to approach R&SA with a bid, but it is understood that he flew his team to New York last month to arrange financial backing.
Pressure is mounting on the entrepreneur to make his intentions public after shares in his investment company, Corvus Capital, rose 30% to 10 3/4p.
More than 80 million R&SA shares were exchanged on Friday, considerably higher than the usual rate.
R&SA declined to comment.
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.
