Mergers & acquisitions (M&A)
AIA acquisition includes Thai bond risk
Prudential will take on $7.37bn of Thai sovereign debt in a deal to buy AIG’s Asian unit, according to a regulatory filing.
Clear opens City office after F&L acquisition
Clear Insurance Management has opened a new office in the City of London as part of its growth plans.
Reinsurers being pushed into M&A – Becker
Marty Becker, chief executive officer of Alterra Capital, said reinsurers are pushed to consider mergers and acquisitions by clients and investors, who prefer carriers with larger capital bases.
Finance raising - IPOS: Lack of activity
Marsh recently predicted an increase in initial public offerings. Amy Ellis looks at what is actually happening and the impact on the wider insurance community.
Questgates completion
Questgates has completed the final stage of its acquisitions from Teceris, announced on 11 February this year.
Bluefin buys GM book
Bluefin has acquired the general insurance business of Peterborough-based GM Towns & Partners for an undisclosed sum.
Brightside talks to LV, Axa, Groupama and Fortis about panel move
Brightside is aiming to set up an insurer panel for Ecar and Ebike after confirming plans to acquire them.
Brightside to raise £9m via share-listing for latest acquisition
Broking group Brightside has unveiled a plan to raise £9.0m via the placing of 36m new ordinary shares to fund an acquisition.
Prudential starts $21bn delayed offering
Rights' offer to fund the purchase of AIG’s Asian unit, AIA, after a 12-day delay has fuelled speculation that the deal will fail.
Towergate postpones bond issue for 4-6 weeks
Towergate has postponed its £665m bond issue and will bide its time over the next month and a half to see if the markets improve.
Cypriot deal finalised
Eureko has closed the sale of 98.9% of shares in Interlife Insurance and 100% of the shares in Interamerican Assistance to Rodardo.
Cypriot deal finalised
Eureko has closed the sale of 98.9% of shares in Interlife Insurance and 100% of the shares in Interamerican Assistance to Rodardo.
Bluefin acquires Peterborough broker
Broking group Bluefin has acquired the general insurance business of Peterborough based GM Towns & Partners for an undisclosed sum.
Max and Harbor Point become Alterra
The closing of a merger of equals between Max Capital Group and Harbor Point has finalised with the resulting company to begin trading as Alterra.
JLT's share price hits 12 month high on Aon acquisition talk
Shares in Lloyd's broker JLT continued to rise this morning following speculation that Aon is preparing to buyout its major shareholder.
Goldman nears deal for AXA's $1bn Taikang stake
An investing arm of Goldman Sachs is in the final stages of an agreement to buy AXA's $1.05bn stake in Chinese Taikang Life, according to newswire Reuters.
Pru and AIG in talks on restructuring AIA sale
AIG and Prudential are in advanced talks to restructure the $35.5bn sale of AIA, the AIG’s Asian unit, in a move that would cut the cash consideration by about $2bn but could answer UK regulators’ last-minute objections to the deal according to the…
Prudential takeover of AIA given go ahead by FSA
Prudential saved its takeover of AIG’s main Asian unit after reaching an agreement with the UK regulator, the Sunday Times has reported.
Marsh targets Scottish financial institutions business
Marsh appoints Wendy Lamin as development executive in its financial and professional practice.
CCV boss hails its M&A model as election uncertainty looms
Cullum Capital Ventures has acquired the general insurance portfolio of DTE Risk & Financial Management.
10 years ago: Limit merger off after QBE approach
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from past an article published 10 years ago reveals.
Interview - Ian Passmore: University challenge
Having started at Endsleigh 30 years ago as a graduate, managing director Ian Passmore knows the roots of the business. He talks to Mairi MacDonald about the future for the broker.
Max and Harbor Point shareholders approve merger
Respective shareholders have voted in favor of all proposals necessary to consummate a merger of equals of Max and Harbor Point to form Alterra.
Samian eyes UK brokers after Safeonline deal
Independent Lloyd's broker Safeonline has acquired Samian Underwriting Agencies. The transaction, which completed on 15 April, saw all Samian's business and the four members of staff joining the 12-strong team at Safeonline.