The High Court has sanctioned the scheme of arrangement between SVB and the holders of its Scheme Shares.
It has also confirmed both the reduction of capital provided for by the scheme and the cancellation of the SVB deferred shares.
According to the terms of the scheme, a new parent company, Novae Group, will be introduced for SVB.
The scheme will become effective on 18 May 2006.
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.
