SVB Holdings received a bid that could lead to the buy-out of the company.
The approach, made on Tuesday afternoon, prompted shares in the company to rise 32%.
SVB operates five syndicates at Lloyd's. The company issued a profits warning in August and said it expected to lose £20m from the terrorist attacks in the US.
Last month, it reported operating losses of £37.1m in the half year ended June 30.
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.
