Consolidation
GRP's Mike Bruce on win-win consolidation
Mergers and acquisitions take many shapes in the UK retail broking market, writes Mike Bruce, CEO broking at Global Risk Partners, noting some deals can actually support an owner's entrepreneurial spirit.
Willis Towers Watson Networks' Sara Fardon on protecting the value of brokers' local expertise
Independent brokers face ever-evolving challenges, which networks can help them take up, argues Sara Fardon, managing director of Willis Towers Watson Networks.
Profile: Phil Barton, Jelf
With massive investment and growth since its acquisition by Marsh, Jelf CEO Phil Barton tells Will Kirkman about the broker’s plans for the future
Sedgwick appoints Malcolm Hughes as Ireland CEO
Sedgwick has appointed Malcolm Hughes as CEO of its Ireland operations.
Ardonagh backers complete Compass acquisition
MDS and HPS Investment Partners have completed the acquisition of Compass Broker Holdings following approval from the Financial Conduct Authority.
This week in Post: Caution, doubt and selling out
This week in Post, there was news of sales, incompetence and unprecedented losses.
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.
Interview: ABC Investors - Bunker, Cassidy, Castle, Horton and O’Roarke
With their restrictive covenants expiring at the end of 2017, the former LV general insurance management are now free to re-enter the market. Jonathan Swift speaks to the quintet about their new consortium ABC Investors, digital innovation and what it…
Analysis: Does the Bluefin scandal signal a wider problem with brokers?
Last month, the Financial Conduct Authority fined Bluefin £4m for misleading customers over its independence from then-parent company Axa.
This month in Post: How long before the first woman in insurance says #MeToo?
It is an ugly truth that almost every woman who has worked in insurance for some time has a story about sexual discrimination.
Profile: Jon Turner, Pen Underwriting
After spending the past year hiving up a dozen entities under the Pen Underwriting roof, CEO Jon Turner talks to Will Kirkman about the managing general agent’s drive to be a ‘virtual insurer’ with the firepower to invest in data analytics and new…
Analysis: Has the sun set on insurer-owned brokers?
As The Ardonagh Group buys Carole Nash and Mastercover, has the bell finally rung for the model?
Brunel Group to launch broker venture in December
Brunel Group is set to launch broker Brunel Insurance Brokers, with new hire Matt Harlin appointed as managing director.
This Month in Post: Discount, diversity and data
There was some good news and some bad news this week for the insurance industry.
Blog: How independent brokers should deal with uncertainties
In an uncertain climate, the owners of independent brokerages need to plan their succession, urges Brokerbility chairman Ashwin Mistry, arguing this is for the long-term health of the whole insurance industry.
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.
Blog: Buying a business for the long term
If you were a shopkeeper, how well disposed would you feel towards the person who came in every day and tried to beat you down on your prices? Or if your boss concerned himself with lining his pockets and never gave a thought to your wages or wellbeing,…
C-Suite - Insurer: Which way now?
The market is in transition and will continue to change – it’s an exciting time to be in insurance.
SME ambitions behind Marsh interest in Jelf but integration remains an issue
Marsh’s potential acquisition of Jelf would allow the global broker to realise its SME ambitions and extend its regional presence, according to industry insiders who have warned the possible integration process must be handled carefully.
Cost-cutting and consolidation among insurers predicted for 2015
Scattered reductions in profitability and organic growth over the course of last year will trigger more consolidation and cost-cutting measures among insurers in 2015, industry experts have claimed.
Novae tipped as next listed player to be sold as Lloyd's consolidation hots up
Pressure on profitability in the Lloyd’s market has been cited among the main drivers for consolidation by analysts, with Novae tipped to become the latest listed player to be snapped up.
Ten looks back at the past decade
The financial crisis, broker consolidation and the rise of e-trading - Ten's Malcolm Lee looks back at the years since the company opened its doors
Blog: State of the Broking Nation Findings, Week 3
LV's Mike Crane looks at the issues raised by this week's State of the Broking Nation research, which canvassed broker opinion on networks and consolidation