Mergers & acquisitions (M&A)
Review follows £60m Capita deal
Capita has outlined plans to retain the staff of Premier Medical Group following its £60m acquisition of the company last week.
Pru AIA bid collapse to cost insurer £450m
Prudential has said the collapse of its $35.5bn takeover of AIG’s Asian unit will cost it about £450m ($660m).
PwC: 2010 M&A “hot beds” starting to emerge
The first quarter of 2010 has been “unremarkable” for European financial services activity but “hot beds” of activity are starting to emerge, PricewaterhouseCoopers has claimed.
Bluefin completes Gilbert Insurance Brokers purchase
Insurance broker Bluefin has announced the acquisition of St Albans-based intermediary Gilbert Insurance Brokers.
Invicta buys four more books as spending spree continues
Invicta Insurance Services has made four further acquisitions, following its swoops for Williams Insurance Services and Lowe Insurance earlier this year.
SCM talks set for full purchase of Axis
SCM Insurance Services will enter discussions with Axis Claims Pro to consider the purchase of its international arm "within a month".
Editor's comment: M&A activity is steady, with some green shoots
This year has seen only a steady drip of merger and acquisition activity, rather than a flurry, something that was noted by Pricewaterhouse Coopers in its European Financial Services M&A Insight published yesterday.
BMS sets growth strategy of doubling in size by 2015
London market broker BMS is set to make a number of acquisitions and team hires as part of plans to double its business by 2015.
US giant Gallaghers unveils second UK swoop in months
US broking giant Arthur J Gallagher has announced the acquisition of London-based Risk & Reward Group. Terms of the transaction were not disclosed.
Axa extends deal deadline
Axa Asia Pacific Holdings and National Australia Bank have today agreed to extend until 15 July an agreement relating to the conclusion of a proposed transaction between the parties.
Capita swoops for £60m Premier Medical
The Capita Group has acquired Premier Medical Group for a cash consideration of £60m on a cash-free, debt-free basis.
Acquisitive broker makes another four buys
Acquisitive Invicta Insurance Services has added four more buys to its portfolio.
Prudential faces ‘no’ votes over AIA deal
F&C Investments and Cavendish Asset Management, two investors in the insurer Prudential, have both indicated they are to vote ‘no’ on the firm’s proposed acquisition of AIG’s Asian arm, AIA
Prudential confirms talks to renegotiate AIA deal
Prudential said it was trying to negotiate a cut in the $35.5bn it has agreed to pay for AIG's Asian unit, AIA, amid fears its shareholders might block the deal as too expensive.
Aviva hires M&A director from Morgan Stanley
Aviva has appointed Jason Windsor as group strategy director, responsible for leading the strategy and M&A teams at Aviva.
Aviva hires M&A director from Morgan Stanley
Aviva has appointed Jason Windsor as group strategy director, responsible for leading the strategy and M&A teams at Aviva.
Lloyd's insurer closes in on KGM
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Lloyd’s insurer closes in on KGM acquisition as it looks to diversify book
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
PWC predicts M&A to pick up in Spanish financial services market
The rescue of CajaSur is likely to spark a wave of mergers in the Spanish financial services market as the Spanish Government pushes forward with its plans to merge those institutions to strengthen the market.
More analysts warn on Prudential’s AIA deal
A chorus of opposition is growing against Prudential's $35.5bn takeover of AIA, with analysts from Singapore to London flagging risks to the deal just weeks ahead of the critical shareholder vote, according to newswire Reuters.
Alterra insurance chief to retire
Alterra Capital has announced that Angelo Guagliano, president and CEO of Alterra Insurance, will retire at the end of May.
Giles takes over Hampden
Giles Insurance Brokers has acquired the retail broking division of James Hampden Insurance Brokers.
UK actuary bodies confirm merger
Members of the Faculty of Actuaries in Scotland and the Institute of Actuaries have voted in favour of resolutions to merge the two organisations to form the Institute and Faculty of Actuaries.
Giles Insurance Brokers in Midlands swoop
Giles Insurance Brokers has acquired the retail broking division of James Hampden Insurance Brokers.