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Mergers & acquisitions (M&A)

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…

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.

Aviva major acquisition spree 'unlikely'

Major acquisitions to fast-track the creation of a multi-brand general insurance strategy for Aviva are unlikely, despite the £600m windfall set to be secured from last week's sale of roadside assistance provider RAC, according to analyst Eamonn Flanagan.

Law firms poised for top-25 merger

Legal bosses from Beachcroft and Davies Arnold Cooper are remaining tight-lipped over merger talks — despite market speculation a decision could be reached within a week.

Multi-brand strategy moves a step closer at Aviva

Next month’s launch of an internet-only brand by Aviva could prove the first of many, according to UK general insurance CEO David McMillan, as the insurance giant remains optimistic of retaining a significant proportion of RAC’s 300 000 motor insurance…

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