For the record: The week in deals featuring Aston Lark, GRP, PIB, Marsh, MS Amlin, Nexus, Partners& and Sedgwick
Post wraps up the major insurance deals, launches, investments and strategic moves of the week
Insurers and brokers have told Post that the majority of their staff will continue to work from home and that offices will remain open to those few that need to access them, following the start of a third national lockdown in England.
As the year draws to a close and people prepare for some long overdue down time, it’s worth pausing to reflect on the role of conduct and culture in how insurance has dealt with challenges and how they can shape responses in 2021, says Sarah Dalgarno,…
Ardonagh-owned Geo has bought Guernsey-headquartered insurance management, fiduciary and financial advisory group Robus for an undisclosed sum.
Towergate Insurance Brokers has sold Milburn Insurance Brokers to UBT (EU) in a £2.2m deal that completed on 1 November.
Usually a lavish affair in the Royal Albert Hall with the insurance A-listers dressed to the nines in their finery and quaffing champagne mid-July, this year due to the Covid-19 pandemic and government restrictions the British Insurance Awards ceremony…
Brokers have hailed private equity house Cinven and Singaporean sovereign wealth fund GIC buying Miller from Willis Towers Watson as a deal with no losers.
Vincent Gardner has left the post of group mergers and acquisitions director at Ethos Broking, Post can reveal.
Ardonagh’s CEO of MGA Binders and Facilities Derek Coles spoke to Post senior reporter Emmanuel Kenning about being subscale in Ardonagh, MGAs' need for differentiation, the Rural buy and future acquisition targets.
Ardonagh is taking “remedial action” having been hit by a cyber incident, the group confirmed just after Gallagher also reported being attacked by hackers.
Ardonagh is buying specialist retail broker Lloyd Latchford Group for £15.3m, Post can reveal.
Ardonagh has offered to sell motorcycle specialist Bennetts to address the concerns of the Competition and Markets Authority and avoid a “long, burdensome and expensive phase two enquiry”.
Ardonagh has reported a post-tax loss of £94.1m for the first six months of 2020 more than double the £41.8m deficit in the same period of last year.
Alex Alway and Andrew Scott have teamed up to form UKGI Group and have bought compliance consultancy firm RWA, Post can reveal.
The Competition and Markets Authority has found that Ardonagh’s purchase of Bennetts could lead to “higher prices, less choice and worse services for motorcyclists in the UK”.
Sir Roger De Haan, the former owner of Saga, is set to invest up to £100m in the business as it seeks to raise £150m through a share placement.
The Competition and Markets Authority has opened an inquiry into Bupa Insurance’s proposed merger with CS Healthcare, a Friendly Society with approximately 18,500 members originally set up in 1929 to provide health insurance cover for members of the UK…
With growing pressure on the government to introduce mandatory ethnicity pay reporting to measure inequality in the workplace, Post investigates what steps the industry is taking to prepare and what is still to do.
Ardonagh has bought managing general agent Thames Underwriting for an undisclosed sum adding £20m in gross written premium to the business.
Ardonagh’s decision to roar ahead with the takeover of motorcycle specialist Bennetts less than a fortnight ago raised a few eyebrows, but really it should not have done.
The Competition and Markets Authority has ordered Ardonagh not to integrate with Bennetts, transfer control or stop competing with it as the consolidator completed the deal to buy the motorcycle specialist.
The Competition and Markets Authority has opened a merger inquiry into the proposed takeover of Bennetts Motorcyling Services by Ardonagh Group.
Amanda Blanc has pledged to address the underperformance of recent years for Aviva’s investors and to set out an ambitious strategic path.
The Competition and Markets Authority has today launched an investigation into whether Ardonagh buying Bennetts Motorcycling Services will lead to “substantial lessening of competition”.