Mergers & acquisitions (M&A)
Aon in $4.9bn swoop for outsourcing firm
Aon has agreed a deal to acquire HR consulting and outsourcing company Hewitt Associates for $4.9bn, consisting of 50% cash and 50% Aon stock.
Aon in $4.9bn swoop for outsourcing firm
Aon has agreed a deal to acquire HR consulting and outsourcing company Hewitt Associates for $4.9bn, consisting of 50% cash and 50% Aon stock.
Lord Levene set to target state banks with new investment vehicle
Lord Levene, chairman of Lloyd’s of London, is to spearhead an acquisition vehicle targeting state controlled bank assets, according to reports.
Law firm Halliwells granted longer to find buyer
Halliwells has filed a second notice of intention to appoint an administrator in a bid to buy more time to secure a sale of the firm without entering into administration.
Halliwells to seek more time for sale
Halliwells is expected to ask for more time to negotiate its sale after more parties showed an interest in buying all or part of the firm.
A kwik fix for Fortis?
Fortis’ onward march continued last week with the not-so-unexpected news that it had acquired the Kwik Fit insurance business.
Policyfast enters Lloyd’s after acquisition of SP
Wholesale broker Policyfast has entered Lloyd’s after being granted coverholder status and acquiring an underwriting team from Stevenson Price.
M&A - Insurance business transfers: Back in fashion?
With a number of restructurings set to happen, Bruno Geiringer asks whether insurance business transfers could be ready for a resurgence.
Kwik Fit fan Smith hails the potential of £215m broker deal
Fortis UK has secured access to the Kwik Fit group's database of motor repair customers as well as the brand for a minimum of 10 years as part of its £215m acquisition of its insurance intermediary arm.
Policyfast enters Lloyd's
Wholesale broker Policyfast has achieved Lloyd's cover holder status.
Post Europe - Mergers and Acquisitions – due diligence
The tough economic climate has put many European mergers and acquisitions on hold but despite a thaw being seen on the horizon David Perla explains due diligence is more important than ever when joining two firms.
London market focused on M&A
Expansion, growth and mergers are highest on a list of issues of most concern to London market brokers and carriers, according to a recent survey.
Insurance Insight - Mergers and Acquisitions – due diligence
The tough economic climate has put many European mergers and acquisitions on hold but despite a thaw being seen on the horizon David Perla explains due diligence is more important than ever when joining two firms.
CCV buys Bishop Skinner
Cullum Capital Ventures has completed its fifth acquisition of the year, with the purchase of Newcastle based broker, Bishop Skinner.
Brit rejects £10.50 share bid
The board of Brit Insurance has posted an update on the progress of its sale negotiations with private investment firm Apollo Global Management.
Fortis confirms acquisition of Kwik Fit insurance business
Kwik Fit Group today announced that it has entered into a binding agreement to sell its UK insurance business to Fortis UK in a £215m cash deal.
Canopius completes KGM deal
Canopius Group today confirmed that it has acquired the business of KGM Underwriting Agencies, which manages Syndicate 260, together with approximately 60% of Syndicate 260's capacity.
Halliwells wants takeover
Halliwells has filed for court permission to appoint an administrator as it looks to secure a takeover by Hill Dickinson.
Halliwells confirms talks
Halliwells has confirmed it is in "advanced discussions" regarding transfering the business to another law firm.
Lloyds TSB provides Henderson with £4.5m boost
Henderson Insurance Brokers secured a £1m finance facility to aid its acquisition of Denny O’Hara, the Leeds-based insurance broker, its new banker has also revealed.
Hannover Re admits interest in Aegon unit
German reinsurer Hannover Re has expressed a slight interest in a potential acquisition of the reinsurance business of Dutch insurer Aegon, a spokeswoman for Hannover Re told news agency DPA-AFX.
Credit Suisse tips RGA or Munich Re for Aegon unit buy
Munich Re and RGA have been named as potential buyers of Dutch insurer Aegon's Transamerica Reinsurance unit, Credit Suisse analysts said on Wednesday.
Axa UK unveils board shake up
Axa UK has unveiled a board shake up in the wake of the sale of its traditional life and pensions businesses.
Canopius confirms KGM talks
Canopius, the largest privately owned Lloyd's insurer, has confirmed it is in talks to acquire up-for-sale motor underwriter KGM.