Mergers & acquisitions (M&A)
Hyperion denies strategic shift to broking amid IPO plans
Hyperion boss David Howden has denied analyst suggestions that the decision to part company with CFC Underwriting could herald a shift towards a broking focus in light of an upcoming IPO bid.
Editor's comment: Fleeing the family nest
This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while also serving as cautionary tales against potential fallout from familial difficulties in modern times.
Transactor boss revels in rising turnover and record acquisitions
Transactor Global Solutions is expecting to announce a combined group turnover of more than £6.5m following a year in which business acquisition reached a new high.
CCV buys remainder of Capital & County
CCV has bought broker Capital & County outright after originally buying a 30% shareholding on 1 September 2008.
Coleman confirms Leighton Foster acquisition
Poole-based Coleman Group has confirmed it has acquired Exeter firm Foster Leighton.
Hyperion to sell majority stake in CFC
Broker Hyperion Insurance Group and CFC Underwriting have agreed to sell Hyperion's majority stake in CFC Underwriting to a consortium of private investors and the management team.
Colemont relocates to THB building in London
Lloyd's insurance broker Colemont is relocating to THB Group's building in Leadenhall Street, opposite Lloyd's, on 23 April.
THB moves Colemont into its City home
THB has taken the first step towards integrating Colemont Insurance Brokers since both came under the ownership of Amwins by moving it to the THB Group's building opposite Lloyd's.
AM Best downgrades Brit after QBE sale
Rating agency AM Best has downgraded the financial strength rating of Brit Insurance Limited to 'A- (Excellent)' from 'A (Excellent)' and the issuer credit rating to 'a-' from 'a' and placed the ratings under review with negative implications.
Lloyd’s witnesses new wave of MGAs due to Solvency II and M&A activity
In recent months the industry has witnessed a renewed surge in the number of Lloyd's insurers teaming up with managing general agents to access new lines of business.
Broking bosses widely supportive of QBE swoop for Brit
New Oval chief executive Peter Blanc has expressed his “delight” after hearing the news that Brit’s UK regional business has been snapped up by QBE, rather than falling into the hands of a domestic rival.
Fitch issues warning over Brit Insurance
Fitch Ratings has placed Brit Insurance Limited's insurer financial strength rating of 'A' on rating watch negative after the sale of its UK regional business to QBE.
Alan & Thomas buys Emery Little
Brokerbility member Poole-based Alan & Thomas Insurance Group has bought Salisbury and Eastbourne-based aviation broker Emery Little.
Brit UK regional sold to QBE
Australian insurer QBE's European operations has bought Brit UK's regional operations with 130 staff transferring.
Cobra locked in takeover talks with Towergate
The Cobra Holdings board has announced this afternoon that discussions are underway with two interested parties which may lead to an offer for the firm's issued share capital.
Canopius makes cash offer for Omega
Lloyd’s insurer Canopius has made a 65p a share cash offer to buy troubled insurer Omega.
Polish watchdog wants Talanx bourse listing
Poland's financial watchdog is trying to persuade German insurance group Talanx to get a secondary listing on the Warsaw bourse before it agrees to takeovers that will make the company Poland's second-largest insurer, according to Reuters.
Insurance Insight – top 10 stories
The top 10 most popular articles on insuranceinsight.eu over the past seven days.
Charnaud apppointed chairman of Marsh's infrastructure practice
Marsh has named Edwin Charnaud as chairman of its Global Infrastructure Practice.
JLT appoints Steve Exwood as Nottingham partner
JLT Specialty has boosted its Nottingham risk practice team with the appointment of new partner - and former Towergate employee - Steve Exwood.
Quindell ups stake in Ai Claims in takeover
Quindell Portfolio has bought a further 47.7% of Ai Claims Solutions for £3.1m, taking its holding above 77%, and has made a cash offer with share alternative for the rest of the business.
DWF and Buller Jeffries set for May merger
DWF and Buller Jeffries have today become the latest in a line of insurance specialist law firms to announce their merger. The firms revealed that they will join forces on 1 May 2012, when Buller Jeffries will be formally incorporated into DWF.
Liberty Mutual enters Russian P&C market with KIT acquisition
Liberty Mutual Insurance Group has acquired Russian insurance company KIT Finance Insurance allowing it to enter Russian's $21bn property and casualty market.
Omega international appeal soars following CNA £143m bid for Hardy
CNA acquiring Hardy could trigger a rush by international players to purchase Omega in a bid to access Lloyd's, analysts have predicted.