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Mergers & acquisitions (M&A)

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.

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.

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.

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.

Insurance Insight Q&A: Stef Witteveen

Claims-processing management firm CED recently expanded in Spain with the acquisition of CSP, Insurance Insight caught up with Stef Witteveen, chief executive officer, to find out all the news on the purchase and the firm’s plans has for the future.

Jardine Matheson increases JLT stake

Broker Jardine Lloyd Thompson has said its London-listed, Bermuda registered, Chinese founded backer Jardine Matheson is to take an extra 10% of the company for £166.27m.

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