Hiscox has raised roughly £375m through sales of shares, having announced its intention to raise on Tuesday afternoon.
Acquisitions in the UK distribution space rose 13% last year, according to research by Imas Corporate Finance. Post investigates what is driving the increase in consolidation and the challenges buyers are facing in their traditional hunting grounds
Aston Lark has bought Wright Insurance Brokers in Ireland, its second deal in the country having snapped up Dublin-based Robertson Low this January.
It feels as if 2019 was an uncomfortable year for the general insurance market as it never quite seemed to grasp control of its own destiny. Wherever you look, carefully laid plans were derailed by the unexpected – and often unwanted – intervention of…
Goldman Sachs’ merchant banking division’s purchase of majority stake in Aston Lark has completed.
The acquisition of Aston Lark by Goldman Sachs could enable the broker to seek out larger acquisition targets, the company's CEO Peter Blanc said.
CEO, Rand Merchant Investment
Investors in motor insurer Hastings will sell shares worth around £99.8m.
Goldman Sachs could bank a return of 400% on its stake in Hastings following the UK motor player’s stock market floatation next month, if investors respond as expected, according to reports.
Motor rates are likely increase over the next twelve months, barring any exceptional events, according to Hastings chief executive Gary Hoffman.
Direct Line Group is in advanced negotiations over the sale of its operations in Germany and Italy according a report from Reuters.
Goldman Sachs Merchant Banking Division has signed off on a deal to acquire 50% of the voting share capital in Hastings Insurance Group.
Goldman Sachs Merchant Banking Division will acquire 50% of the voting share in Hastings, in a move that implies a net enterprise value of approximately £700m.
A Goldman Sachs-owned private equity fund is in exclusive talks over a minority shareholding in Hastings, according to reports.
Insurance broker Aon is considering backtracking on an offer to delay payment of employee bonuses until the start of the new tax year, according to reports.
Aon has offered staff the option to benefit from lower income tax by delaying bonus payments until after April.
Aviva has priced its remaining stake in Benelux insurer Delta Lloyd at €12.65 per share, which would amount to gross cash proceeds of £353m.
Direct Line Group parent Royal Bank of Scotland is to expand its initial public offering of ordinary shares.