Exclusive: Former CBL-owned wholesale broker European Insurance Services Ltd will look to launch new products following its management buyout.
Exclusive: The administrators of CBL have sold UK-based European Insurance Services Ltd in a private equity-backed management buyout.
The owner of Lloyd’s motor insurer ERS is exploring the potential for a sale of the business.
Marsh has been the talk of the town this week as it acquired the shares in broker JLT, shoring up its position as the largest broker by revenue in the world.
Scor’s leadership has been accused of “gross negligence” over its rejection of a takeover bid from Covéa.
Marsh expects to save around $250m in “cost synergies” from the acquisition of JLT, with up to 3750 jobs at risk.
Marsh’s $5.6bn (£4.2bn) acquisition of JLT could spell opportunity for private equity-backed brokers, analysts believe.
Marsh & Mclennan will buy Jardine Lloyd Thompson for $5.6bn (£4.2bn) in a move that will shore up the company’s position as the largest broker in the world.
GRP has acquired Lloyd’s coverholder U-Sure Insurance Services for an undisclosed sum.
The Hanover has sold Chaucer to China Re for a total price of $950m (£726m).
Carlyle Group has bought claims firm Sedgwick for $6.7m, the company announced, confirming earlier reports.
Charles Taylor saw H1 pre-tax profits fall 95% on the back of one-off restructuring costs.
Claims firm Sedgwick could be snapped up by private equity group Carlyle for $6bn, it was reported.
Managing General Agent Nexus has completed the acquisition of Altitude Risk Partners from Castel Underwriting.
Yorkshire-based broker Lockyers is the latest to be bought by Broker Network.
UK-based managing general underwriter Bluefin Underwriting will rebrand as Victor Insurance.
Bupa has acquired Hospital Lane Dental and Implant Clinic in Chatham, Kent.
U.S. Risk Insurance Group subsidiary Trireme Insurance Group has purchased MGB Insurance Brokers for an undisclosed sum.
Markel is to buy the world’s largest manager of insurance-linked securities, Nephila Holdings.
TransRe, the reinsurance arm of Transatlantic Holdings has acquired the exclusive renewal rights to all of Maiden Re's US treaty reinsurance underwriting business.
Ratings agency Moody's has affirmed Aspen's rating following its $2.6bn (£2bn) deal with Apollo, while AM Best has placed it under review.
Aspen Insurance has entered an agreement with investment manager Apollo that will see it sell all remaining shares in the business for $42.75 (£33.15) per share, a total of $2.6bn (£2bn).
Global reinsurers have turned to mergers and acquisition deals over the last year in order to remain relevant in the face of challenging market conditions, but S&P maintains a neutral view on this trend.
Venture capital firm Beat Capital Partners and Bermuda-based insurance holding company Paraline are to merge.