Mergers & acquisitions (M&A)
Towergate hints at global acquisition plans in 2011
Towergate Insurance Group has not ruled out an acquisition outside the UK before the recently refinanced consolidator achieves its long-term goal of flotation.
AJ Gallagher beats 15% target in Q1
AJ Gallagher has recorded revenue of $446.9m (£269.7m) in the first quarter of the year, marking a $47m increase compared to the same period in 2010.
RSA targets HNW top spot after Oak deal
RSA is aiming to become the number one player in the high net worth market, following its acquisition of Oak Underwriting.
Interview - Ash Bathia: building the profitability platform
QBE Europe kept competitors on their toes as it built the business and branched out. Underwriting boss Ash Bathia tells Mairi MacDonald where his sights are now set.
Broking supplement: Interview – David Flux: The lie of the land
Lured off of a tractor and into the family business with the promise of an extra £4-a-week, David Flux has worked his way to the top of the firm. He talks to Amy Ellis about life in the niche motor market.
Irish brokers wary of Quinn business model after takeover
Uncertainty remains over the business model of the former Quinn Insurance, following its takeover by Liberty Mutual and Anglo Irish Bank, according to Irish brokers.
Indie broker strengthens Scottish position
Central Insurance's £2.6m acquisition of Aberdeen broker Collins Halden & Burnett has cemented its position as Scotland's largest independent broker.
Post magazine – 5 May 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Irish brokers wary of Quinn business model after takeover - Insurance News Now – 5 May 2011
Post reporter Amy Ellis outlines this week's major general insurance stories including the uncertainty over the business model of the former Quinn Insurance following its takeover by Liberty Mutual and Anglo Irish Bank.
Howden boosts GWP by 45% with PYV buy
Howden Broking Group has grown its gross written premium on its professional indemnity and directors’ & officers’ liability books in the UK from £35m to just over £50m with the acquisition of PYV.
Post Blog: A smaller catch after the one that got away
With many in the insurance market taking advantage of the double bank holiday whammy you would have thought the past week would have been a good time to bury bad news.
Howden acquires core broking activity of PYV
Hyperion’s broking subsidiary, Howden Broking Group, has acquired the core broking activity of PYV.
Mapfre buys Munich Re Middlesea stake
Spanish insurer Mapfre has purchased Munich Re’s 19.9% shareholding in Maltese firm Middlesea Insurance.
Central seals £2.6m acquisition of Aberdeen broker
Central Insurance has acquired Aberdeen-based broker Collins Halden & Burnett in a £2.6m deal.
Post Blog: Quinn, Towergate, an acorn of a deal and the Sex Pistols. The week in insurance
With many in the insurance market taking advantage of the double bank holiday whammy you would think that this week would be a good time to bury bad news.
Quinn sale to Liberty signed
The joint administrators of Quinn Insurance, Michael McAteer and Paul McCann of Grant Thornton, have announced the acquisition by Liberty Mutual, a joint venture between Liberty Mutual and JVNewco, of QIL.
Post Blog: Quinn, Towergate, an acorn of a deal and the Sex Pistols. The week in insurance
With many in the insurance market taking advantage of the double bank holiday whammy you would think that this week would be a good time to bury bad news.
RSA acquires Oak Underwriting
RSA has strengthened its position in the high net worth arena with the acquisition of Oak Underwriting.
European M&A value up 62%, analyst reveals
The value of deals targeting Western European countries has risen by 62 per cent in the last 12 months, according to Zephyr, the M&A database.
Holman's disposes of business as regulation increases
Foster Denovo has agreed a deal to acquire the IFA business of independent Lloyd's brokerage firm John Holman & Sons.
Scor claims number two spot in the US with Aegon deal
Scor has entered into a definitive agreement to acquire the mortality risk reinsurance business of Transamerica Re, a part of Aegon. The business to be acquired relates solely to biometric risks.
Chaucer rating unchanged as largest shareholder rejects bid
AM Best Europe has said that the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084 and the ICR of “bbb” of Chaucer Holdings are unchanged following the announcement that the board of CH has…
Allianz rules out Part VII transfer
Allianz has ruled out following Aviva and Royal Bank of Scotland Insurance in applying to the High Court for a Part VII transfer under the Financial Services and Markets Act.
Acquisitive Invicta seals two more deals
Invicta Insurance Services will complete its seventh acquisition, the entire general insurance portfolio of Wiltshire-based Keith Montgomery Insurance Services, on 1 May.