Mergers & acquisitions (M&A)
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.
Chaucer accepts Hanover bid
US firm The Hanover Insurance Group has had a £313m bid to acquire Chaucer accepted.
Acquisitive Higos buys another broker in South west drive
Higos Insurance Services has acquired Plymstock Insurance Centre, near Plymouth.
Hannover Re buys Scottish portfolio
Hannover Re has agreed to buy a reinsurance portfolio from Scottish Re (US).
Giles to sell life sciences business
Giles Insurance Brokers is to withdraw from the life sciences insurance market.
Interview: MDS
Jose Manuel Dias da Fonseca, president of Portuguese broker MDS, chairman of broking network Brokers Link and a non-exec director of Cooper Gay Swett & Crawford, answers Insurance Insight’s questions.
S&P: Provident rating may improve by two notches after Covea deal
Standard & Poor's has placed its 'BB+' long-term counterparty credit and insurer financial strength ratings on Provident Insurance on CreditWatch with positive implications.
Cotswold buy opens doors for G4S in UK fraud market
International security firm G4S Secure Solutions has branched into insurance fraud surveillance and investigation for the first time in the UK, with the acquisition of The Cotswold Group.
OFT investigates Google's acquisition of Beat That Quote
An Office of Fair Trading inquiry into Google's acquisition of aggregator Beat That Quote will provide the firm's competitors with a chance to respond to market fears over the deal.
Greenwoods targets £20m turnover in 2011
Insurance law firm Greenwoods Solicitors has targeted £20m turnover during 2011 and a "steady expansion" of its client base.
Solvency II drives Aviva restructure
Aviva is set to merge its 12 UK general insurance companies into one main UKGI insurance operation to comply with Solvency II.
News analysis - Provident Insurance: signed, sealed, delivered
The ink has just dried on the deal that sees ownership of Provident move from troubled US firm Ally Financial to French company Covea. Daniel Dunkley reports on what the future holds for the motor insurer.
Pleural plaques fight set to continue vow insurers - Insurance News Now – 14 April 2011
Post reporter Amy Ellis outlines this week's major general insurance stories which includes the insurance industry’s vow to continue battling the Scottish government’s decision to compensate pleural plaques, despite losing a judicial review in Edinburgh.
OFT launches inquiry into Google aggregator deal
The Office of Fair Trading is to investigate Google’s acquisition of UK price-comparison website Beat That Quote.
Congregational & General takes stake in broker
Congregational & General Insurance has taken a minority shareholding in David Edwards Insurance Brokers.
Brit Insurance delists
Lloyd’s insurer Brit has delisted its shares as it prepares to for its acquisition by Achilles.
Co-op to increase aggregator usage
Co-operative Insurance has set its sights on growing its household book by widening its use of aggregators as a means of distribution.
Mapfre overhauls travel cover offering
Spanish insurer Mapfre has revamped its direct travel policy following a relaunch of its online provider Insure & Go.
News analysis: shaking up the aggregator market
Google buying Beat That Quote has given the aggregator market a shake-up, claims Tom Cooper, as the 10 million quotes per month barrier is broken.
Disease claims - ELTO: location, location, location
Difficulties inherent in identifying the relevant insurer in a long-tail disease claim led to the creation of the Employers' Liability Tracing Office. Anne Griffiths and Alan Hunter explain what is needed to make it work.