Falling out with Lloyds Bank prompts fund-raising for deal
Peter Wood is lining up finance to buy out the Lloyds Bank’s stake in Esure, the Sunday Times reports.
Penta Capital and Toscafund, both chaired by Sir George Mathewson, Wood’s former boss at RBS, are named as backers.
Wood chairs the business, which he set up as a joint venture with HBOS in 2001. Lloyds has a 70% stake, with managers owning the rest. Wood owns only 24% of the shares, but legal clauses mean he has control of the business.
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.
