Omega Underwriting must either announce a firm intention to buy Hardy underwriting or pull out by 1 August, the UK Takeover Panel has said.
Earlier this month, Omega said it was still interested in pursuing a merger with Hardy despite the fact that Hardy had terminated bid talks. Hardy had ended talks after Omega was not prepared to increase the terms of its previous proposal, which Hardy had already rejected.
The UK Takeover Panel said in the event that Omega now decides not to make an offer, it will be bound for six months from that date from making a bid.
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.
