Royal & SunAlliance has announced that it will classify its US operations as ‘held for sale' in its 2006 results, in line with International Financial Reporting Standard (IFRS) 5. The US operation will therefore be written down to fair value less any disposal costs.
The write down and the loss for the year are together expected to total approximately £480m.
They will appear on the insurer's 2006 preliminary announcement as ‘discontinued operations', which are outside the group's operating result.
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.
