Mergers & acquisitions (M&A)
Analysis: Major events in the Russian insurance market in Q2 2012
Highlights for the Russian insurance market for Q2 include a number of important personnel reshuffles, several companies being sold and problems with a high roller. Paul Koshik reports.
Arthur J Gallagher buys MGA Contego Underwriting
Arthur J Gallagher has acquired managing general agent Contego Underwriting for an undisclosed sum.
Fitch withdraws ratings of Fondiaria-SAI
Ratings agency Fitch has withdrawn the ratings of Italian insurer Fondiaria-SAI owing to insufficient information.
IAG's Asian investment paying off
Insurance Australia Group is starting to gain "real traction" in Asia, according to chief executive Mike Wilkins.
HSBC sells European insurance units to run-off specialist
Banking Group HSBC has agreed to sell two European insurance units to Catalina Holdings.
HSBC sells Irish legacy businesses
HSBC Holdings has agreed to sell two Irish legacy businesses to Bermuda-based run-off specialist Catalina Holdings.
Broking Focus: Bespoke tailoring
Biba’s wants the strategic review of its operations by Deloitte to produce a trade body fit to compete alongside the strongest organisations in the 21st century
Interview: Rob Terry: tackling the problems
Approaching insurance from a technological background, Quindell’s Rob Terry is looking to tackle the dysfunctional motor market and shake up the status quo
Hardy boss looks to the future after restructure and sale are finalised
Hardy chief executive Barbara Merry has said the business can now “look to the future”, following a restructure of its property treaty book and conclusion of its sale to US insurer CNA.
Post magazine – 5 July 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Hyperion talk turns to integration as Windsor deal is given regulatory approval
Hyperion has pushed through the acquisition of Lloyd’s broker Windsor after receiving regulatory approval.
Hardy acquisition completed
Hardy has ceased trading on the London Stock Exchange as of today following completion of its acquisition by CNA Financial.
Talanx completes Warta aquisition
Talanx International AG has completed the acquisition of Polish insurance company TUiR Warta SA from KBC.
Shareholders advised to take 20p per share following Cobra takeover
Directors at Cobra have this afternoon reached an agreement over the protracted takeover by the Stephen Burrows-backed Alto Intermediary Group.
July date set for £143m Hardy and CNA merger
CNA's acquisition of troubled Lloyd's insurer Hardy is expected to come into effect on 2 July.
Europ Assistance re-branded following MBO
The team behind the management buy-out of the UK, Ireland and international health solutions business of Europ Assistance has launched its new brand, Aria Assistance, following authorisation by the Financial Services Authority.
Vienna Insurance adds Polish life insurer to CEE portfolio
Vienna Insurance Group AG has acquired a 92% share in Polish life insurance company Towarzystwo Ubezpieczeń na Życie.
3i reaffirms Hyperion commitment amid rumours of cut-backs
Hyperion private equity backer 3i has brushed aside suggestions that it may abandon the international insurance intermediary group, following rumours of cost-cutting at the firm.
Towergate eyes extended regional footprint following Dorset buy
Towergate has made its 10th acquisition of the year after agreeing a deal with Dorset-based Harry Fort Insurance Brokers.
CIRC outlines plan for private investors to own 20% of a single Chinese insurer
The China Insurance Regulatory Commission has revealed that an individual private investor would be able to own a fifth of a single insurance company, as part of new proposals.
Belgian mutual becomes Allianz's second acquisition this month
Allianz Belgium has agreed to acquire the insurance activities of Mensura CCA and its subsidiary Mensura Assurances SA.
Gallagher on the hunt for more big deals after transformational Heath buy
Arthur J Gallagher chief executive Pat Gallagher has confirmed his intention to follow up the company's acquisition of Heath Lambert with further transformational deals of similar magnitude.
Interview: Pat Gallagher and the $5bn plan
Arthur J Gallagher chief executive Pat Gallagher shows no sign of easing up after the acquisition of Heath Lambert 13 months ago, with aggressive growth plans and an eye for further buys.
Grupo Catalana Occidente enters motor insurance top five after Groupama swoop
Grupo Catalana Occidente and INOCSA have signed a binding purchase agreement to acquire Groupama Seguros y Reaseguros SAU, Groupama's Spanish subsidiary.