Mergers & acquisitions (M&A)
Antur purchases Welsh broker
Welsh broker Antur Insurance has acquired Barry-based broker DW Burrrows after forming an associate partnership with the intermediary last year.
BLS Insurance Brokers makes first acquisition
Lancashire based BLS Insurance Brokers has confirmed its first acquisition since commencing trading in June 2010, swooping for Bury-based Goodwin Best Insurance Brokers.
Aviva CEO Andrew Moss defends composite model - again
The chief executive of Aviva has again reiterated its support for its composite model approach as the insurer published its nine month results.
Mapfre swoops for Insure & Go
Travel insurance specialist intermediary Insure & Go has been acquired by its underwriter Mapfre.
Randall & Quilter completes acquisition
Randall & Quilter has completed its acquisition of Reinsurance Solutions Limited, Reinsurance Solutions LLC and various other related assets and liabilities from Guy Carpenter & Company, LLC and Marsh Limited.
Apax Partners interested in Moneysupermaket acquisition
Private equity investment group Apax Partners has targeted comparison site Moneysupermarket as a potential acquisition.
Post Europe View from the Top: The impact of the financial crisis on the Spanish D&O insurance sector
The financial crisis and the resulting economic complications in Spain have caused a sharp increase in the number of directors’ and officers’ liability insurance policies taken out.
Ace CEO Greenberg ups full year forecast after "positive" progress in 2010
Ace Insurance Group has reported $14.9bn gross written premium for the nine months ended 30 September 2010 compared with $14.7bn last year.
Ace CEO Greenberg ups full year forecast after "positive" progress in 2010
Ace Insurance Group has reported $14.9bn gross written premium for the nine months ended 30 September 2010 compared with $14.7bn last year.
Fitch takes Brit off negative watch
Fitch Ratings has affirmed Brit Insurance Limited's Insurer Financial Strength rating at 'A', and Brit Insurance Holdings N.V.'s Long-term Issuer Default Rating at 'BBB+' and its subordinated notes at 'BB+.
IAG UK acquires second commercial broker with NBJ swoop
IAG UK-owned broker Barnett & Barnett has almost doubled its size to £50m gross written premium, with a move for a controlling stake in Bromley-based commercial and personal lines specialist NBJ.
Co-op mulls life book disposal but holds onto GI business
The Co-operative Group is keen to hold onto its general insurance book, despite moves to offload its life insurance portfolio, according to sources close to the business.
IAG UK swoops to double size of Barnett & Barnett
IAG UK-owned broker Barnett & Barnett has almost doubled its size to £50m gross written premium, with a move for a controlling stake in Bromley-based commercial and personal lines specialist NBJ.
Paraline considers acquisitions and hires following launch
New Lloyd's venture Paraline has pledged to expand its geographical reach and range of products following its official launch last week.
Top 25 EC3 brokers - Analysis: Getting the balance right
Despite markets not changing dramatically, some EC3 brokers recorded notable figures. James Simpson reports on the sector over the past 12 months.
Interview - Adrian Colosso: The comeback kid
Having come close to going bust in 2005, Daniel Dunkley talks to Heath Lambert's chief executive Adrian Colosso about the challenges facing the firm as it continues to punch above its weight.
Top 25 EC3 brokers - Commentary: Size is not everything
Olly Laughton-Scott looks at the rationales behind acquisition strategies, explores the maxim that size does not matter and that the disposal of business can be just as illuminating.
Postscript – 10 years ago: Xchanging in Lloyd’s and IUA tie-up
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight form ten years ago reveals.
Morgan completes M Wood purchase
Morgan Financial Group has acquired Bridgend-based insurance broker M Wood Insurance Services.
Concerns raised over post-acquisition capital structure of Brit
AM Best Europe has placed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Brit Insurance and the ICR of “bbb” of Brit Insurance Holdings, the ultimate parent of the Brit Insurance group of companies, under review…
Brit reports 8.5% drop in GWP
Brit Insurance has reported an 8.5% reduction in gross written premium to £1.22bn for the nine-month period ended 30 September 2010 (3Q 2009: £1.33bn), a decrease of 9.0% at constant exchange rates.
Brit agrees cash offer with bidders
Brit Insurance has reached agreement with Apollo Management and CVC Capital Partners that will see the insurer’s shareholders receive up to £11 per Brit share.
Brit agrees cash offer with bidders
Brit Insurance has reached agreement with Apollo Management and CVC Capital Partners that will see the insurer’s shareholders receive up to £11 per Brit share.
CCV buys two more brokers
Cullum Capital Ventures has completed two further acquisitions, with the purchase of Sussex-based Goodwood Insurance Services, and Bolton-based Standrings.