Mergers & acquisitions (M&A)
Bridle completes purchase of AHS Insurance
Engineering intermediary Bridle Insurance has acquired Welsh broker Associated Householders Services.
Generali named as suitor for AIA
Generali may be interested in buying the AIG Asian unit, according to Italian newspaper reports.
Broker Hastings gets major capital injection from Lloyds TSB
Personal lines specialist Hastings Direct has become the latest broker to receive third-party capital after agreeing to a £20m cash injection from Lloyds TSB Corporate Markets.
Interview: Safe Harbor
Katherine Blackler talks to John Berger, former chief executive officer at Harbor Point, who, since his company's merger with Max Capital, has become vice-chairman of the board of directors and CEO of the new entity's reinsurance arm.
Bermuda: Island of the giants
In the wake of the deal between Max Capital and Harbor Point, Seb Kafetz looks at whether bigger is really better in Bermuda.
Rethink: Destruction, predictions and a general election
Our roundup of readers' opinions reveals that rates are steady, though we may yet see the market turn this year.
Review follows £60m Capita deal
Capita has outlined plans to retain the staff of Premier Medical Group following its £60m acquisition of the company last week.
Pru AIA bid collapse to cost insurer £450m
Prudential has said the collapse of its $35.5bn takeover of AIG’s Asian unit will cost it about £450m ($660m).
PwC: 2010 M&A “hot beds” starting to emerge
The first quarter of 2010 has been “unremarkable” for European financial services activity but “hot beds” of activity are starting to emerge, PricewaterhouseCoopers has claimed.
Bluefin completes Gilbert Insurance Brokers purchase
Insurance broker Bluefin has announced the acquisition of St Albans-based intermediary Gilbert Insurance Brokers.
Invicta buys four more books as spending spree continues
Invicta Insurance Services has made four further acquisitions, following its swoops for Williams Insurance Services and Lowe Insurance earlier this year.
SCM talks set for full purchase of Axis
SCM Insurance Services will enter discussions with Axis Claims Pro to consider the purchase of its international arm "within a month".
Editor's comment: M&A activity is steady, with some green shoots
This year has seen only a steady drip of merger and acquisition activity, rather than a flurry, something that was noted by Pricewaterhouse Coopers in its European Financial Services M&A Insight published yesterday.
BMS sets growth strategy of doubling in size by 2015
London market broker BMS is set to make a number of acquisitions and team hires as part of plans to double its business by 2015.
US giant Gallaghers unveils second UK swoop in months
US broking giant Arthur J Gallagher has announced the acquisition of London-based Risk & Reward Group. Terms of the transaction were not disclosed.
Axa extends deal deadline
Axa Asia Pacific Holdings and National Australia Bank have today agreed to extend until 15 July an agreement relating to the conclusion of a proposed transaction between the parties.
Capita swoops for £60m Premier Medical
The Capita Group has acquired Premier Medical Group for a cash consideration of £60m on a cash-free, debt-free basis.
Acquisitive broker makes another four buys
Acquisitive Invicta Insurance Services has added four more buys to its portfolio.
Prudential faces ‘no’ votes over AIA deal
F&C Investments and Cavendish Asset Management, two investors in the insurer Prudential, have both indicated they are to vote ‘no’ on the firm’s proposed acquisition of AIG’s Asian arm, AIA
Prudential confirms talks to renegotiate AIA deal
Prudential said it was trying to negotiate a cut in the $35.5bn it has agreed to pay for AIG's Asian unit, AIA, amid fears its shareholders might block the deal as too expensive.
Aviva hires M&A director from Morgan Stanley
Aviva has appointed Jason Windsor as group strategy director, responsible for leading the strategy and M&A teams at Aviva.
Aviva hires M&A director from Morgan Stanley
Aviva has appointed Jason Windsor as group strategy director, responsible for leading the strategy and M&A teams at Aviva.
Lloyd's insurer closes in on KGM
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Lloyd’s insurer closes in on KGM acquisition as it looks to diversify book
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.