SVB Holdings is to bring forward proposals to establish and capitalise a new, wholly-owned insurance company isolated from its damaging legacy underwriting.
SVB said that having consulted with the FSA, Lloyd's, major institutional shareholders and lenders, it intends to publish detailed proposals by the end of March 2006.
These proposals will include the formation and capitalisation of an FSA-regulated insurance company focused on UK mid-sized commercial risks.
SVB said this will sit alongside the continuing Lloyd's business under a newly incorporated listed holding company established by way of scheme of arrangement.
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.
