Mergers & acquisitions (M&A)
Searchlight trained on GRP as broker eyes PE deal
Global Risk Partners is in discussion with three private equity firms including Searchlight Capital Partners about taking a majority holding in the consolidator, Post can reveal.
PIB buys credit insurance specialist CMR Insurance Services
PIB has bought credit insurance specialist CMR Insurance Services and health and safety consultancy firm Sue Smith.
Aston Lark buys again in Ireland
Aston Lark has bought Wright Insurance Brokers in Ireland, its second deal in the country having snapped up Dublin-based Robertson Low this January.
Interview: William Stovin, Markel International
As Markel International gears up for more growth across its national markets business and looks to build on its presence in Europe, Jen Frost spoke to Markel International president William Stovin about the history of the business and why Brexit has…
Finch and ICB set to merge under Verlingue brand
Finch and ICB Group will merge and rebrand under the name of their French parent company, Verlingue.
Cobra’s Alto posts pre-sale loss as costs bite
Alto Insurance, the holding company for Cobra, has reported a pre-tax loss of £2.1m for the final year ahead of its sale to PIB.
A-Plan paid £16.5m for Endsleigh
Broker A-Plan paid Zurich £16.48m for Endsleigh when it completed the deal to buy the specialist broker in March last year.
A-Plan breaks £100m revenue barrier and set to open 100th office
A-Plan will be opening its 100th office within the next two months, CEO Carl Shuker told Post.
This week in Post: hanging by a thread
This week, Transport for London has revoked Uber’s licence to operate in London, causing fear among the capital residents who often rely on the app-based service to get them home safely after a night on the town.
First Central looks to raise external investment to fund “ambitious plans for the future”
First Central Group is seeking external investment which will see its founders reduce their stake in the Guernsey headquartered insurance group, Post can reveal.
Markerstudy restructures loan with QIC
Markerstudy has restructured its £240m plus loan with Qatar Insurance Company in a move the company said was a long-term solution “providing security to customers and suppliers”.
Gallagher set to buy up Capsicum Re
Gallagher is poised to snap up the remaining 80% of Capsicum Reinsurance Brokers, having signed heads of terms with the business.
HW Kaufman buys Barbican Protect as it continues UK expansion
US-based HW Kaufman Group has acquired Barbican Protect as part of its continued expansion into the UK market.
SRG poised to make further acquisitions after snapping up specialist broker
Specialist Risk Group has a "well thought out target list" of firms and will continue to seek acquisitive growth after buying jewellers' block specialist broker David Codling and Associates, its chief financial officer Charlie Love told Post.
Blog: A demanding future – future trends that will define insurance in 2020
The insurance industry stands on the precipice of profound change – technology-driven disruption, changing customer expectations and the arrival of new competitors are shifting the industry’s challenges according to David Rush, Europe, Middle East and…
Davies Group makes key appointments
Davies Group has made two senior appointments, as it revealed a jump in Ebitda and revenue for the year ended 30 June 2019.
Selling Ardonagh to a public company would be a failure, says Ross
Ardonagh CEO David Ross has asserted the business's commitment to independence and revealed that while the firm’s court case victory over Gallagher did not come as a surprise the episode left him “a little bit heartbroken and incredibly sad”.
Ross: Ardonagh ready and able to strike deals in 2020
Ardonagh Group has a list of 146 potential acquisitions, which it reviews at a fortnightly investment committee, according to CEO David Ross.
Aon buys insurtech Coverwallet
Aon is to buy insurtech Coverwallet, in a deal that is expected to close in the first quarter of 2020.
Staysure buys majority stake in aggregator owner
UK insurance and travel provider Staysure has acquired a controlling stake in Eclipse Financial Holdings, the owners of payingtoomuch.com.
Analysis: Ageas and Tesco joint venture labelled success with separation on horizon
Experts have predicted an increase in partnerships in the insurance industry but do not see another joint venture on the horizon, as Tesco gears up to buy out Ageas' share of their Tesco Underwriting joint venture.
Marsh Commercial closing four offices
Marsh Commercial is closing offices in Northampton, Newmarket, New Malden and Leeds.
GRP buys Gauntlet Insurance Services
Global Risk Partners has bought London-based private client specialist broker Gauntlet Insurance Services for an undisclosed sum.
Plan Group targets top 50 with Pedal Cover Plus buy
Plan Group has bought Kingswood Insurance Brokers, the owner of Pedal Cover Plus, as it targets becoming a top 50 independent broker within five years.