Mergers & acquisitions (M&A)
Tawa swoops for Oslo Re UK run-off business
Tawa has entered into a share purchase agreement to acquire 100% of the issued shares of Oslo Reinsurance Company (UK) from Oslo Reinsurance Company AS for a consideration of £4m.
Zurich enters into general insurance distribution deal with Fortis
Zurich's Turkish subsidiary, Zurich Sigorta has signed an agreement with Fortis Bank AS for the exclusive distribution of general insurance products through Fortis in Turkey.
Zurich enters into general insurance distribution deal with Fortis
Zurich's Turkish subsidiary, Zurich Sigorta has signed an agreement with Fortis Bank AS for the exclusive distribution of general insurance products through Fortis in Turkey.
RBS Insurance sells broker arm Devitt to management team
RBS Insurance has agreed to sell Devitt Insurance Services to its existing senior management team, lead by managing director William Hughes.
Giles completes CJ Higgins purchase
Giles has acquired the insurance broking business of Northern Irish intermediary CJ Higgins & Co for an undisclosed sum.
Aon acquires Irish PI broker
Broking giant Aon has acquired Ireland-based online personal lines intermediary Insure.ie.
Aon acquires Irish PI broker
Broking giant Aon has acquired Ireland-based online personal lines intermediary Insure.ie.
Barbon: next acquisition will be big
Barbon Insurance Group's next acquisition target is likely to dwarf its earlier purchases, according to group managing director Nick Sharp.
Lloyd’s & London market – review of the year: Troubled times
A succession of natural catastrophes got 2010 off to a bad start and the market continued to struggle - but the resolution of Brit’s future and the prospect of consolidation could see the year end on a high. Mairi Macdonald reports.
Loss adjusting – review of the year: Battling for talent
2010 has proved an interesting year for the loss adjusting sector, reports Leigh Jackson, with a number of new entrants and the issues of ethics and recruiting new talent coming to the fore.
Hardy responds to Beazley withdrawal with share buy-back
Hardy has revealed that the share buy-back programme announced on 26 November 2010 will now commence under existing authority from shareholders and will be administered by Peel Hunt.
Aviva completes buy out of French insurer
Aviva has acquired the minority interest of French insurer Société d’Epargne Viagère for more than £100m.
Aviva completes buy out of French insurer
Aviva has acquired the minority interest of French insurer Société d’Epargne Viagère for more than £100m.
General insurer review of the year: The nearly year
Jonathan Swift looks back over 12 months in which many market- changing events didn't materialise and finds out what industry leaders think may be in store for general insurance in 2011.
Postscript - 50 years ago: Legal & General confirms buy
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50-years ago reveals.
Postscript - five years ago: Reid swoops for Bishop Skinner
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five-years ago reveals.
B2 to be phased out after just two years
Beachcroft is to phase out its specialist volume insurance claims brand B2, just two years after its launch.
Bidders to log interest in Quinn today
Troubled Anglo Irish Bank is forging ahead with plans to take over Quinn Insurance despite its own uncertain future.
Bluefin acquires Ross Lloyd
Bluefin has acquired Carlisle-based Ross Lloyd – their third acquisition in 2010.
Zurich hails "milestone" in Middle East expansion as it closes deal
Zurich has announced that its subsidiary Zurich Insurance Company Ltd has completed the acquisition of 99.99% of Compagnie Libanaise D'Assurances SAL, a privately owned Lebanese insurer with branch operations in the United Arab Emirates, Kuwait and Oman.
Reid: Bluefin is moving away from 'macho' tag
Bluefin Insurance Services has said that the restructure of its operations, announced this week, is designed to help it develop a national strategy rather than facilitate branch closures.
Brokers face North-South divide over M&A activity
Brokers in the 'resilient South' are standing their ground when it comes to getting the price they want for a sale, creating a divide between themselves and their northern counterparts in terms of acquisition availability, it has been claimed.
Market conditions behind MD's departure
Insurer QBE has cited a shift in the market as the reason behind its reshuffle that saw property managing director Bernard Mageean depart the firm last week.
Transactional risks - Solutions: Coming of age
Companies with reinvigorated balance sheets are displaying renewed appetite for mergers and acquisitions. John McNally and Tim Allen detail how evolving transactional risk insurance solutions mean the market can meet their needs.