Bank woes will not affect sale, says RBS
Speculation surrounded the sale of Royal Bank of Scotland Insurance this week as the value of its parent bank plummeted to £4.5bn, despite a second injection of public cash.
The bank insisted its insurance division was still for sale, although market sources speculated that private equity houses were struggling to raise the cash.
Patrick Snowball, the former Norwich Union boss who confirmed his link with private equity bidders BC Partners and Apollo Management last week, refused to comment further.
An announcement on the future of the insurer, the UK’s third largest, is expected in February when the bank holds its annual general meeting.
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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