Mergers & acquisitions (M&A)
Postbox: Facing the data challenges of Solvency II
I read your article 'Lack of funds to spark Solvency II M&As', with interest. The article tells us that 31% of insurance firms surveyed are fully aware of the implications of Solvency II, and a further 38% are partially aware, but I wonder how many have…
Giles CEO dampens IPO speculation after £5.1m CBG move
The CEO of Giles Insurance Brokers has dampened speculation his firm will seek an IPO any time soon by claiming that being a listed broker is a "regulatory burden".
NMJ reveals latest acquisition deal
NMJ Insurance Brokers has swooped to make a third acquisition in the form of Scunthorpe-based Barry Fenton Insurance.
Mphasis acquisition broadens reach
IT services company Mphasis has entered into a definitive agreement to acquire Wyde Corporation, an international software vendor and creator of insurance policy administration solution Wynsure.
Clyde & Co and Barlow Lyde & Gilbert merger agreed
A merger between Clyde & Co and Barlow Lyde & Gilbert has been given the go-ahead by the partners of the two firms.
JLT denies Aon takeover bid
JLT chief executive Dominic Burke has branded claims of a potential takeover bid from rival broker Aon as “unimaginable and frankly ridiculous”.
Western European deal-making "fragile" in July
Western European deal-making in July has been described as “fragile” by Zephyr researchers who recorded 1150 M&A deals worth a combined €39 091m in the past month – the weakest monthly result since August 2010.
Interview - Charles Earle: Aiming high with Arista-cratic Earle
Despite falling short of his initial five-year plan, Charles Earle has still seen Arista make considerable achievements. He talks to Lynn Rouse about his philosophy surrounding underwriting control, system transparency and acquisition plans.
Jersey firm has Giles in its sights after takeover
Bosses from Jersey-based Islands Insurance have heralded the acquisition of Reed Insurance Associates as "a big leap forward", after finalising a deal that sees the firm become the self-proclaimed second largest operator on the Channel Islands.
NFU Mutual subsidiary acquires Channel Island broker
NFU Mutual bosses have confirmed that one of its subsidiary companies – Island Insurance – has acquired Reed Insurance Associates in the Channel Islands.
Giles confirms £5m CBG offer
Giles Insurance Brokers has confirmed that discussions are underway with CBG concerning a possible offer at a price of 32p per share in cash for the entire issued and to be issued share capital of CBG.
Accenture to ramp up insurance offering with swoop for Duck Creek
Accenture has entered into an agreement to acquire general insurance software specialist Duck Creek Technologies.
Lloyd's broker THB still on the hunt for deals despite AmWINS interest
Lloyd's broker THB this morning reported that fees and commissions were up 6% to £26m for the 6 months to 30 April.
EIS French broker links sealed CBL aquisition
The multi-million dollar acquisition of London-based underwriting agency European Insurance Services was part of a strategic purchase by credit insurer CBL Group to gain access to a network of almost 500 French brokers.
Davies Group set to sell for more than £60m
Davies Group is expected to be sold for a bid of more than £60m, after its majority shareholder embarked on an auction process.
Lack of funds to spark Solvency II M&As
The cost of implementing Solvency II could lead to a spike in mergers and acquisitions, after a survey on how prepared the insurance industry is for the directive revealed only 31% of respondents claimed to have set aside sufficient funds.
British Insurance Awards 2011: Global positioning
INSURANCE BROKER OF THE YEAR – WINNER – HOWDEN BROKING GROUP
British Insurance Awards 2011: Rewarding rebrand
GENERAL INSURER OF THE YEAR – WINNER – AGEAS UK
Higos acquires Somerset broker
Higos Insurance Services has acquired Somerset-based Vaughan Insurance Brokers.
CCV acquires in Lincolnshire
CCV has acquired Lincsure, a Lincolnshire-based high-street broker.
HSBC Insurance sold for £68.5m
HSBC Insurance Services Holdings has signed a £68.5m agreement for the sale and purchase of HSBC Insurance UK with Syndicate Holding Corp.
Staddon to leave Biba
The British Insurance Brokers' Association's longstanding head of technical services Peter Staddon is set to depart the trade body. Mr Staddon began his insurance career in 1971 as a broker and joined Biba in 1996 to establish the technical services…
Affinity: Cultural alignment essential for brand partnerships
Strong affinity partnerships require "cultural alignment" between the involved parties, according to Myles Edwards, sales & marketing director at Age UK Enterprises.
Interview - Rob Brown: The best job in the market
Despite being one to shun the limelight, Rob Brown, chief executive of Aon UK, has no qualms about answering his critics over the firm's carrier charge and contingent commissions, admitting he is pleased with progress to date. Daniel Dunkley reports.