Mergers & acquisitions (M&A)
Ardonagh reveals future plan for Swinton as all branches close
Ardonagh group has confirmed the closure of all Swinton branches as the integration of the business is almost complete.
Ardonagh posts loss of £44.5m for the first half of the year
Ardonagh Group has posted a loss of £44.5m for the first six months of 2019, an increase of £11.7m on the £32.8m loss reported for the same period last year.
PIB u-turns on pledge to keep childcare broker brand
PIB will now integrate childcare broker Albany Childcare into Morton Michel, despite pledging at the time of purchase it would keep the brand.
GRP acquires online enterprise risk management firm
Essex-based risk management specialist Health and Safety Click has been bought by consolidator GRP.
Ex-JLT pair Palmer-Brown and Crossland join SSL Endeavour
Jonathan Palmer-Brown and Hugh Crossland, both formerly of JLT, have joined SSL Endeavour as group non-executive chairman and group chief financial officer respectively.
Gauntlet’s appointed representative network enters Wales
Gauntlet Group’s network Gauntlet Enterprise has picked up its first Welsh appointed representatives.
Private equity firm takes majority stake in Avid
A majority stake in managing general agent Avid has been sold to Beech Tree Private Equity.
Analysis: What do recent market exits mean for insurtechs targeting millennials?
Three insurtechs have pulled out of the insurance market so far this year, raising questions around the efficacy of selling insurance to millennials and whether more of these firms will fall.
LV sets deadline for L&G GI integration
LV will complete the transfer of business from L&G General Insurance by the beginning of 2023.
Sedgwick acquires Nordic loss adjuster
Sedgwick has acquired Nordic Loss Adjusting and related entities, for an undisclosed amount.
Gallagher Bassett acquires Welsh claims management firm
International risk services firm Gallagher Bassett has acquired the assets of Welsh claims firm, Adjusting Associates, to expand its offerings in the UK.
Arch beefs up Lloyd's presence with Barbican buy
Arch Capital has agreed to buy Lloyd’s insurance group Barbican.
Nexus buys MGA Plus Risk Limited
Nexus has acquired financial and professional lines managing general agent Plus Risk Limited.
Aston Lark poised for further acquisitions after posting profits in 2018
Aston Lark made a profit during its transformational year.
GRP buys Lancashire-based broker
Lancashire-based broker 3XD has hailed its “growth prospects” after being bought by consolidator GRP.
Half of industry growth over next five years to be driven by M&A, say insurers
A majority of insurers believe that mergers & acquisitions will drive more than half of the growth in the industry over the next five years, research by Deloitte has found.
Victor Insurance is looking to expand internationally
Victor Insurance is looking to build on growth following the rebrand from Bluefin Underwriting.
This week in Post: 25 years of the British Insurance Awards
This week the best and brightest in the insurance community gathered in the Royal Albert Hall for the 25th British Insurance Awards.
Industry pays tribute to 2019 BIA Achievement Award winner Annette Court
On Wednesday night Admiral chair Annette Court won the Achievement Award at The British Insurance Awards.
Allianz and LV win big at 2019 British Insurance Awards: Full list of winners
Allianz was among the big winners at the 25th British Insurance Awards at the Royal Albert Hall scooping three individual awards including General Insurer of the Year.
Markerstudy acquires Smart Driver Club Insurance
Markerstudy has bought telematics broker Smart Driver Club Insurance.
D&G plots growth following investment
Domestic & General has vowed further growth following investment from a United Arab Emirate fund.
Davies completes second acquisition of the year
Davies Group has added two firms to the group with the acquisition of GBB holdings which comprises of specialist investigation business GBB and motor engineering solutions provider Banwells.