Private equity buyout for Direct line and Churchill?
Former Towergate and NU boss Patrick Snowball has been linked with a speculated buyout of RBS’s insurance division, which includes Direct Line and Churchill.
Unconfirmed reports link Snowball with private equity firm BC Partners in the bid.
Others said to be interested include US insurer Allstate and private equity groups CVC – linked with Swiss Re. CVC is said to be in advanced talks about buying just over half the insurance division in a deal that would value it at about £6bn.
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.
