Mergers & acquisitions (M&A)
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.
Co-operative snubbed by Resolution and Phoenix in £18bn life arm sale
The Cooperative Group is considering selling its life insurance business following last year's merger with Britannia, according to reports.
Newly launched Paraline acquires ICAT
Paraline Group, a Bermuda-domiciled insurance and reinsurance company, has announced its launch and acquisition of ICAT Holdings.
Quinn bidders getting cold feet over claims according to reports
Several of the bidders for Quinn Insurance have expressed fears over outstanding claims, according to reports this morning.
Quinn bidders getting cold feet over claims according to reports
Several of the bidders for Quinn Insurance have expressed fears over outstanding claims, according to reports this morning.
Postscript - 10 years ago: QBE hints at relocation to London
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Esure reveals earliest date for an IPO will be 2014
The founder and chairman of direct insurer Esure Peter Wood has revealed that 2014 is the earliest that it will launch an initial public offering.
Heath Lambert looking to buy after refinancing
Heath Lambert chief executive Adrian Colosso has revealed the company's recent refinancing package could enable the broker to make a long-awaited acquisition.
Interview - Jon Greenwood: Into the hot seat
With a high turnover during the past seven years, the role of managing director of commercial and broker at RBSI could be seen as a poisoned chalice. Jonathan Swift talks to Jon Greenwood, the latest incumbent, about his optimism for the task in hand.