Mergers & acquisitions (M&A)
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.
M&A companies face 90% chance of being sued
There is a 90% chance that a company targeted for acquisition will be sued by its shareholders, yet few businesses document M&A protocols and do not plan to develop them over the next year.
Cloutier: Double Brit deal better for shareholders
The sale of Brit Insurance to run-off specialist Riverstone, two months after QBE acquired its renewal rights, sets up Brit Group to focus on developing its specialist and reinsurance operation and marks the "last major piece of restructuring", according…
Fitch downgrades Brit Insurance Limited over sale to Riverstone
Fitch Ratings has downgraded Brit Insurance Limited's insurer financial strength rating to 'BBB' from 'A', with stable outlook.
Riverstone Group to acquire Brit Insurance Limited
Brit Group has agreed the sale of its FSA-regulated insurance company, Brit Insurance Limited, to Riverstone Group.
Indian insurance employees' association calls for public merger
The All-India Insurance Employees' Association has called for the merger of four public sector general insurance companies to help bring down costs.
Quindell set to boost growth with potential further acquisition
Quindell has reached an agreement to partner with Intelligent Claims Management, a cloud-based claims management network in the UK.
Prior investment leads to Q1 gains at BMS
BMS chief executive Carl Beardmore has attributed "successful investment" over the past two years to recent growth at the firm, underlined by a 28% rise in Q1 revenue on 2011.
Ace swoops for top 10 Indonesian insurer to diversify reach into PL
Ace has announced today that the company and its local partner have reached a definitive agreement to acquire PT Asuransi Jaya Proteksi in Indonesia for approximately $130m in cash.
Airmic 2012: Risk management crucial to M&A activity
Acquisition hungry firms can gain an edge if they effectively manage the inherent risks associated with the process, a joint Marsh and Airmic report has revealed.
Direct Group swoops for second 2012 acquisition with Simple purchase
The Direct Group, a Doncaster-headquartered provider of outsourced services, has acquired Simple Insurance from Leeds-based UK General for an undisclosed sum.
Fondiaria-Unipol merger suffers further setback
Jonella and Paolo Ligresti, two of the principal owners of Italian insurer Fondiaria-SAI, have refused to agree to conditions necessary to waive a mandatory bid on minorities in a planned merger with rival Unipol, threatening to scupper the deal,…
Opinion: Risk on the boardroom agenda
It is up to risk managers to ensure that insurance buying is a serious strategic issue, says Paul Taylor. The Roads to Ruin report, jointly published by Airmic and Cass Business School in July last year, underlined the importance of having a full…
Editor's comment: The best of British
The timing could hardly have been more apposite. As the Queen sat selecting outfits to commence four days of Jubilee celebrations, Hyperion was preparing to toast its very own regal rejoice: six months after news first leaked of its takeover talks with…
Hyperion sets sights on US consolidators after £95m buy
Hyperion chief executive David Howden has vowed to make a swift return to the acquisition trail following its £95m takeover of Lloyd's broker Windsor last Friday - the group's largest deal to date - thus creating a "credible alternative" to the new wave…
Post magazine - 7 June 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Cobra deadline extended to 15 June
The deadline for the Cobra deal has been extended for the third time.
RSA's Canadian arm acquires Quebec-based P&C insurer
Home, motor and business insurer RSA Canada has agreed to acquire L'Union Canadienne, a Quebec-based intermediated P&C insurer, from its parent company Co-operators General Insurance Company for C$150m pending regulatory approval.
Europa to delist following acquisition
Talanx International AG and Japanese insurer Meiji Yasuda Life Insurance Company have successfully closed their joint acquisition of the Polish Europa Insurance Group.
Fondiaria's conditions threaten Unipol merger
Italian insurer Unipol wants to proceed with its planned merger with Fondiaria-SAI but will not accept certain conditions proposed by its troubled peer, according to Reuters.
RK Harrison buys up Marsh businesses
RK Harrison has acquired four businesses from Marsh UK-owned Gibbs Hartley Cooper.