Lloyd's insurer Wellington said it would not sell its shares in Aspen, after the latter company announced plans to float on the New York stock exchange. Wellington helped establish the Bermuda-based insurance and reinsurance group.
Wellington said the initial public offering (IPO) would take the form of a primary offering of new shares. Wellington and other shareholders have agreed not to sell their shares in the IPO for a period of at least 180 days following the IPO.
As a result of the IPO, 378,122 options granted to Wellington during the formation of Aspen will become exercisable.
Wellington said it would make a further announcement in due course.
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.
