HPS
Ardonagh moves forward with $500m notes offering
Ardonagh has placed $500m (£401m) of senior payment in kind toggle notes.
Ardonagh backers acquire firm from CBL
Ardonagh Group owners Highbridge Principal Strategies and Madison Dearborn Partners have bought fee protection insurance provider PFP from failed carrier CBL.
Axa sells health broker to Ardonagh owners
Axa will sell its health broker, Health Insurance Group, to the private equity owners of Ardonagh.
Compass to retain brand after acquisition by Towergate owners
Exclusive: Compass Broker Holdings will retain its own brand after being acquired by HPS and Madison Dearborn Partners, executive chairman Alex Alway has confirmed.
Towergate Underwriting rebrands as Geo Underwriting
Towergate Underwriting has restructured and rebranded to become Geo Underwriting.
Revealed: 2017 British Insurance Awards winners
RSA scooped a trio of awards last night at the British Insurance Awards, winning in the claims initiative, major loss and young achiever categories.
Towergate broking giant prices £800m bond offering
The broking giant formed from the merger of Towergate and other firms has confirmed the interest rates for its £800m bond offering, announced last month.
Broking giant created from Towergate issues £800m bond offering
The insurance broking giant created from the merger of Towergate and other firms has put out a £800m bond offering and a £90m credit facility.
Week in Post: Bonsai trees, jelly beans and the thousand-yard stare
The majority of the Post team started the week as ‘virgins’ of the British Insurance Brokers’ Association annual conference. This morning, I see most of them have the same look in their bloodshot eyes. War veterans call it the thousand-yard stare.
Broker Network will not rejoin Towergate, CEO confirms
Broker Network will not rejoin Towergate as part of HPS and MDP’s newly formed general insurance giant.
Towergate backers launch general insurance giant
Towergate backers HPS Investment Partners and Madison Dearborn Partners will consolidate Towergate with Autonet, Chase Templeton, Price Forbes and Ryan Direct to form a general insurance giant.
Finch to buy three more brokers before September
Finch is in talks to acquire three more brokers before September.
Private equity acquisition of Ryan Direct 'a sign of serious intent' say brokers
The acquisition of Ryan Direct is a sign of “serious intent” by the private equity backers of Towergate, brokers said.
Ryan Direct bought by Towergate owners
Ryan Direct Group has been bought by the private equity backers of Towergate, Madison Dearborn Partners and HPS Investment Partners.