Mergers & acquisitions (M&A)
Interview - Gregorio Santos: A new UK journey for Mapfre
With the purchase of Insure and Go, Mapfre entered the UK direct market in a blaze. Leigh Jackson talks to its UK chief executive Gregorio Santos about his plans to grow the business on these shores.
Recruitment specialists complete merger
Specialist recruitment insurance firms Dallas Kirkland Professionals and Giles Recruitinsure have merged.
Achilles receives FSA and Lloyd's go-ahead for Brit takeover
The Financial Services Authority has today given formal notice of its approval in respect of Achilles' acquisitions of Brit Insurance.
Jubilee “focused on growth” amid sale rumours
Lloyd’s insurer Jubilee has claimed that it is focusing on its future growth amid speculation that the company is up for sale.
Hyperion chair: IPO on track after 41% leap in EBITDA
Hyperion, the international insurance and re-insurance distribution group saw revenue increase 26% to £72.2m (2009: £57.2m) and EBITDA, excluding non-recurring items, rise by 41% to £12m (2009: £8.5m) for the year ended 30th September 2010.
Brit share deal extended for seventh time
The deadline by which Brit shareholders can accept or decline Achilles offer for the company has been extended yet again.
Gallagher raises $125m to fund acquisitions
Arthur J Gallagher has completed a private placement of $125m of senior unsecured notes.
Mapfre plans global roll out of Insure & Go model
Spanish insurer Mapfre has revealed that it is set for a global roll out of its direct-to-consumer travel products, following its acquisition of Insure & Go.
Beazley targets M&A in the wake of Solvency II
Beazley expects to reap "significant benefits" from merger & acquisition opportunities presented by Solvency II, if the new rules prove difficult to implement for some insurers.
Chaucer confirms bid rumours as Terra Firma enters frame
Chaucer has again become the subject of speculation in the market after it was revealed "a number" of potential buyers have made provisional approaches for the firm.
Terra Firma confirms Chaucer interest
Private Equity giant Terra Firma has confirmed a potential bid for Lloyd’s of London insurer Chaucer’s entire issued share capital.
Brightside swoops for Quote Exchange
Brightside Group has agreed to purchase the entire issued share capital of Quote Exchange Limited for a maximum consideration of £3.7m in cash and the issue of 1,394,700 ordinary shares in Brightside
Chaucer confirms potential offers
Chaucer has confirmed that it has received a "number of approaches" recentlly, regarding a possible offer.
Ally insists it still plans to sell "discontinued op" Provident Insurance
Provident Insurance’s US owner Ally Financial has told Post it still plans to sell the business despite revealing in its 2010 accounts last week that the business was now classed as a “discontinued operation as of 12/31/2010”.
Brit share deal extended again
The deadline by which Brit shareholders can accept or decline Achilles offer for the company has been extended for a sixth time.
Generali looks to take stake in Russian financial services giant
Italian insurance giant Generali is interested in buying up to one percent in Russia's second-biggest lender VTB, according to reports.
Generali looks to take stake in Russian financial services giant
Italian insurance giant Generali is interested in buying up to one percent in Russia's second-biggest lender VTB, according to reports.
QBE strikes $700m Bank of America insurance agreement, acquires BOA arm
QBE has entered into an initial ten year distribution agreement with Bank of America for lender placed and voluntary homeowners, contents, motor and other related consumer lines and associated services.
PWC warns insurers to take Solvency II action
Insurers must act on the results of the fifth Solvency II quantitative impact study if they are to avoid facing difficult questions from investors, analysts and the market, Pricewaterhouse Coopers has warned.
PWC warns insurers to take Solvency II action
Insurers must act on the results of the fifth Solvency II quantitative impact study if they are to avoid facing difficult questions from investors, analysts and the market, Pricewaterhouse Coopers has warned.
QBE halts share trades as it is linked with $2bn US acquisition
QBE Insurance is in talks to buy US insurer Balboa from Bank of America , according to reports.
Editor's comment: Cullum's Advent calendar
The transfer deadline day, 31 January, saw a host of football clubs scrambling over themselves to secure deals to improve their stock ahead of the final push for safety, promotion, Europe or silverware.
Nationals call for FSA talks as Towergate seals £200m deal
Chief executives from some of the UK's largest brokers have called for a meeting with the Financial Services Authority to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
News analysis - Towergate refinancing: Towergate to kick into full IPO mode
With confirmation of Advent's £200m cash injection, what does Towergate have planned next? Mairi MacDonald explores the options.