Mergers & acquisitions (M&A)
Zurich closes Santander acquisition
Zurich Financial Services Group has closed the acquisition of 51% participation in general insurance, life insurance and pension operations of Santander in Brazil and Argentina.
Vienna Insurance merges Bulstrad and Bulgarski Imoti
The Vienna Insurance Group plans to merge its two non-life insurance subsidiaries Bulstard and Bulgarski Imoti in order to strengthen its market presence in Bulgaria and make better use of synergies.
Ferma 2011: Torus to bring property underwriting to French office
Insurer Torus has confirmed that it will be bringing property underwriting to its French operation.
Zurich closes MAAB acquisition
Zurich Financial Services Group has completed the acquisition of 100% of the share capital of Malaysian composite insurer Malaysian Assurance Alliance Berhad.
HSBC bidders line up not to comment
QBE, Zurich and Allianz have refused to comment on speculation in a Reuters report that they are among bidders for HSBC’s insurance business.
News analysis: Insurance industry feels the shockwaves of the economic meltdown
It has been hard to escape the doom and gloom of the volatile stock market and wider economic woes over the past week.
Law firm mergers: Transforming the legal landscape
Insurer demands for scale and scope plus the emergence of Alternative Business Structures are fuelling the fires of law firm consolidation.
Top 100 UK insurers supplement: A man for all seasons
As CEO of Ageas UK for the last decade, radical changes in distribution, more intelligent use of capital and the financial turmoil are just a few of the changes Barry Smith has witnessed.
Top 100 UK insurers supplement: Steadying the ship
After a tough 2009, the top insurers have managed to maintain GWP levels in 2010 but snapping at their heels are a few new entrants doing their best to prove there is still money to be made in general insurance.
Top 100 UK insurers supplement - brand analysis: Battle of the brands
With commercial pressures and tough business conditions putting the squeeze on insurance companies, the importance of the brand has never been more vital. So who is getting it right?
Canopius says Omega deal has backing
Canopius has said that it expects to complete its due diligence following its 83p a share proposed bid for Omega by 30 September 2011.
Cigna acquires First Assist for £71m
Global health services company Cigna has agreed to acquire travel and protection insurance firm First Assist Insurance Services from Barclays Private Equity.
Williams to head D&O for LIU Europe
Liberty International Underwriters in Europe has appointed Guy Williams as head of directors' and officers and financial institutions.
Cobra sells broking operations to Aston Scott
Cobra has sold its insurance broking operations in Caterham and Alton to ASG Risk Management, a subsidiary of Aston Scott Group.
Former Lloyd's chair Taylor joins Jubilee as Ryan finalises deal
Ryan Specialty Group has completed the acquisition of specialist Lloyd’s insurer Jubilee Group Holdings and announced a host of key appointments.
CCV acquires TVI
Independent insurance intermediary, CCV has acquired TVI Commercial.
Barbican in Omega merger proposal
Barbican Insurance has dangled an 84p a share offer for 60 million (24.57%) of Omega shares, if Omega shareholders agree to take over Barbican.
MYI CEO targets more acquisitions after sealing double deal in a week
McLarens Young International has underlined a period of rapid global expansion with the acquisition of a US-based SME claims adjusting firm, just days after announcing its commitment to the aviation sector.
Broadgate acquisition is last for Torus
The recent acquisition of Broadgate Underwriting by Torus finalises a string of hires and acquisitions by the globetrotting insurer.
News analysis: Private equity and the rules of attraction
Private equity firms continue to be enamoured with the claims industry — just why is this?
Torus acquires Broadgate
Torus has entered into an agreement with Clal Insurance Enterprises Holdings to acquire London-based Lloyd’s Syndicate 1301 and its corporate members Broadgate Underwriting Limited and Broadgate Underwriting 2010 Limited.
Torus acquires Broadgate
Torus has entered into an agreement with Clal Insurance Enterprises Holdings to acquire London-based Lloyd’s Syndicate 1301 and its corporate members Broadgate Underwriting Limited and Broadgate Underwriting 2010 Limited.
RSA’s Tomlinson to prepare RBSI sale
RBS Insurance has poached RSA’s group legal director Humphrey Tomlinson to be general counsel and company secretary to prepare the business for sale.
Tawa, Skuld and Paraline combine forces to acquire Whittington UK
A consortium comprised of Tawa, Skuld, and Paraline Group have confirmed a definitive agreement to acquire Whittington Insurance Markets.