Mergers & acquisitions (M&A)
Medicals Direct targets £40m turnover by 2013
Medicals Direct Group has signalled its intent to become a major UK absence management and rehabilitation player after a trio of acquisitions last week boosted its turnover to more than £25m.
Abbey looking forward to 2010 "with confidence" after £8.7m profit
Abbey Protection saw a 6% growth in pre-tax profits to £8.7m in 2009, on revenue (before investment income) up 15% to £32.5m.
Oval swoops for South-west broker
Oval has acquired Gloucester based insurance broker J L Fisher
RG Ford acquires Abba
Chelmsford-based RG Ford Insurance Brokers has completed the first of the five acquisitions it hopes to make in 2010.
Former Woodstock director returns with personal lines consolidator
Invicta Insurance Services, a new broking service provider, has been launched by Steve Gamage, the former operations manager at Woodstock Insurance Brokers.
Aviva enters Indonesian market
Insurer acquires a 60% stake in PT Asuransi Winterthur Life Indonesia.
Medicals Direct Group takes annual turnover to £25m
The North London-based medical services solutions provider has acquired three companies operated by a competitor.
Bermuda: M&A warning
Reinsurers and insurers must be careful when choosing partners for mergers and acquisitions a panel of executives at the World Insurance Forum in Bermuda have warned..
Interview - Arron Banks: The bright side of life
The rumour mill has been in overdrive regarding Brightside over the past 12 months. Daniel Dunkley talks to founder and insurance director Arron Banks about the broker's distinctive approach to the market.
Two more employees leave Aon to head to Bluefin
Two more people have left Aon for Bluefin to form part of its new real estate division, Post has learnt.
Marsh to take $600m hit on Kroll disposal
The Financial Times reports The Carlyle Group, Apax Partners and General Atlantic have all entered bids by the deadline for first expressions of interest in late February.
Bluefin set to make six acquisitions
Axa-owned broker also reveals it expects to make “many more” acquisitions in coming months, targeting the East Midlands, South West, Wales, and Northern Scotland.
Questgates completes integration of new liability adjusting businesss
Questgates has completed the integration of the liability adjusting division acquired from Teceris Corporate and Complex Adjusting - part of Capita Group.
Interview: Ulrich Wallin, Hannover Re - German ambition
Since taking the reins at Hannover Re from Wilhelm Zeller in June last year, Ulrich Wallin has helped the German reinsurer grow both organically and through acquisition. He tells Katherine Blackler about his career, predictions for 2010 and plans for…
Prudential may exit some Asian lines after AIA swoop
Prudential may quit some countries in Asia should it seal the buy of AIG’s AIA, sources told newswire Reuters on Friday, allowing the bulked-up insurer to focus on key markets.
Alterra names new executives
Alterra, the new name for the newly-combined entities of Bermudian reinsurance rivals Harbor Point and Max Capital, has named its executives.
Max - Harbor Point merger won't lead to job losses - sources
The merger between Max Capital and Harbor Point won't lead to job losses in the Lloyd's market, market sources have told Reinsurance.
Harbor Point and Max Capital confirm merger
Bermudian reinsurers Max Capital and Harbor Point have confirmed their merger.
Alway: SBJ experience makes Capital Z a good investor
Jelf has outlined plans to use funds from its share issue and a new debt facility to fund a renewed acquisition drive.
Moody’s affirms Prudential’s Aa2 rating
Moody’s has reaffirmed Prudential’s Aa2 financial strength rating following the announcement that it plans to acquire American International Assurance Company.
Aon in acquisition talks in Italy
Italian paper reports that Aon are looking to expand its business in the region through acquisitions.
AIG confirms AIA sale to Prudential
AIG has confirmed the sale of its AIA unit to Prudential for $35.5bn.
Clear establishes second base after buy
Independent intermediary Clear Insurance Management has created its first satellite office, after completing its purchase of Lynas Vokes Insurance Brokers.
Pick of the week
Post reporter Amy Ellis outlines some of the major stories from this week's issue of Post Magazine.