Mergers & acquisitions (M&A)
Vienna Insurance breaks into Bosnia Herzegovina market
The Vienna Insurance Group has broken into the Bosnia Herzegovina market by acquiring a majority stake in the insurer Jahorina Osiguranje AD Pale, subject to regulatory approval.
CCV buys insurance broker
Cullum Capital Ventures has acquired Midlands broker Three Counties Insurance Brokers.
HSBC has refused to comment on speculation of non-life sale
HSBC Holdings has declined to comment on speculation in the market that it could be selling its $1bn non-life insurance business.
Eastern European markets key to Austrian insurers' prospects
Prospects for Austrian insurers are closely linked to insurance markets in Central Eastern and Southern Eastern Europe, where more than one-third of their premium income originates, according to a new report.
Tawa acquires Chiltington
Run-off provider Tawa has entered into a share purchase agreement to acquire Hamberger Internationale Ruckversichrung, the holding company for the Chiltington group of companies.
Interview - Jon Hancock: Getting under the skin
As UK commercial managing director for RSA, Jon Hancock is on a mission to find out what brokers really think of the insurer
Alex Forbes acquisition builds Marsh platform in Africa
Broker Marsh has reached an agreement to acquire the brokerage business of Alexander Forbes in Africa, subject to regulatory approval.
AM Best offers hope for reinsurance
AM Best says hopeful signs are emerging for the global reinsurance industry after years of a soft market, weak investment returns, lukewarm investor interest and sluggish consolidation activity.
Austrian insurer Vienna Insurance Group to merge Polish subsidiaries
Austrian insurer, The Vienna Insurance Group, intends to increase its sales power in the Polish non-life market by merging the companies Inter Risk and PZM.
Insurance Insight Q&A: Paul Lindeboom
Broker THB recently made the news with its expansion plans for its Amsterdam office. Insurance Insight caught up with Paul Lindeboom, executive director of THB’s Amsterdam operation, to find out all the news on the new appointments and what the plans are…
CCV buys Swansea's Antur
Broker CCV has bought Welsh broker Antur Insurance of Swansea.
View from the top: An endangered species?
UK-domiciled Lloyd’s brokers are under significant pressure. It’s always been a tough market, but the increased use of broker requests for proposals and unsolved inefficiencies are squeezing the London community further.
All conditions satisfied for Giles' CBG bid
All conditions for the £5.1m offer from Giles for fellow broker CBG have now been satisfied.
Willis targets Polish construction market with broker buy
Willis has bought Polish insurance broker, Brokerskie Centrum Ubezpieczeniowe (AMA) to grow in the Polish employee benefits and construction sectors.
View from the top: A multi-channel world
Many brokers will have read the recent update around Zurich’s personal lines strategy, following the announcement that we’re re-entering the direct channel later this year via an outsourced arrangement with Endsleigh, where the majority of new business…
MCC role will not stop Hodson’s plans at Oval
Oval chief executive Phillip Hodson has insisted his coming presidency of the historic Marylebone Cricket Club will not interfere with his running of the broker, which is in the midst of a restructuring process.
Market update - High net worth: Time to raise rates in HNW?
Rates in the high net worth market are failing to reflect the risks posed, despite high claims costs. Chinwe Akomah reports on a sector that is starting to come under pressure to deliver results.
CBG shareholders approve sale
At a CBG general meeting shareholders approved the recommended cash offer by Giles Insurance Brokers.
Accenture ties up Duck Creek Technologies acquisition
Accenture has today finalised the acquisition of Duck Creek Technologies in a deal which will see 370 employees of the software solutions business in both the US and UK move companies.
Japanese insurer expands into Europe with Dutch acquisition
Nipponkoa Insurance Co has reached an agreement with Ethias NV to acquire all of the shares of the Dutch underwriting agency Nateus Nederland BV.
OFT clears Google of monopoly rule breaches
One of the UK’s largest aggregators has welcomed the Office of Fair Trading’s decision to clear Google of any monopoly rule breaches following its acquisition of Beat That Quote. Compare The Market said the merger creates “healthy competition”.
Bluefin looks to become ‘consolidator of choice’
Bluefin has staked its claim on becoming the consolidator of choice as it sets out to beef up its existing 54 offices in the UK after getting extra backing from its insurer parent.
News analysis - Axa Commercial: A simply complex strategy
With its UK strategy now signed off by the Axa group board, Amy Ellis speaks to Amanda Blanc and Matthew Reed about what commercial brokers can expect from the insurer.
Giles in bid to protect jobs after CBG buy
Expansionist broker Giles has vowed to protect jobs “where possible”, following the acquisition of Manchester-based broker CBG, which is expected to be finalised within two weeks.