Mergers & acquisitions (M&A)
M&A: Back in fashion?
With M&A deals back on the agenda, Tim Goggin of Lovells looks at whether the trend will continue and how it will affect reinsurers?
Entertainment brokers seeks to double size after US tie-up
Stockport-based Doodson Broking Group has signalled its intent to double in size over the next five years after forming a partnership with US broker Crossfields Insurance.
AJG boss hails underwriting potential after First City buy
OIM Underwriting will distribute its products through SME specialist Circadian as part of Arthur J Gallagher's acquisition of London broker First City.
Invicta buys Lowe
Invicta Insurance Services has acquired Kent-based Lowe Insurance in its second acquisition in two weeks.
Capita poised to grow personal lines with broker bid
Capita Insurance Services is poised to add to its growing stock of personal lines business, with Cambridgeshire-based broker Sureterm Direct a target for the firm, Post has learnt.
Gallagher set for First City purchase
The UK arm of US broking giant Arthur J Gallagher is set to acquire the insurance broking business of First City.
HIH liquidator poised to pay out
The winding up of HIH Insurance was largely complete following the formal settlement in an Australian Supreme Court according to liquidator Tony McGrath
Ecclesiastical chief expects difficult 2010
Ecclesiastical group chief executive Michael Tripp has admitted 2010 could be tougher after posting improved profit for 2009.
Medicals Direct targets £40m turnover by 2013
Medicals Direct Group has signalled its intent to become a major UK absence management and rehabilitation player after a trio of acquisitions last week boosted its turnover to more than £25m.
Abbey looking forward to 2010 "with confidence" after £8.7m profit
Abbey Protection saw a 6% growth in pre-tax profits to £8.7m in 2009, on revenue (before investment income) up 15% to £32.5m.
Oval swoops for South-west broker
Oval has acquired Gloucester based insurance broker J L Fisher
RG Ford acquires Abba
Chelmsford-based RG Ford Insurance Brokers has completed the first of the five acquisitions it hopes to make in 2010.
Former Woodstock director returns with personal lines consolidator
Invicta Insurance Services, a new broking service provider, has been launched by Steve Gamage, the former operations manager at Woodstock Insurance Brokers.
Aviva enters Indonesian market
Insurer acquires a 60% stake in PT Asuransi Winterthur Life Indonesia.
Medicals Direct Group takes annual turnover to £25m
The North London-based medical services solutions provider has acquired three companies operated by a competitor.
Bermuda: M&A warning
Reinsurers and insurers must be careful when choosing partners for mergers and acquisitions a panel of executives at the World Insurance Forum in Bermuda have warned..
Interview - Arron Banks: The bright side of life
The rumour mill has been in overdrive regarding Brightside over the past 12 months. Daniel Dunkley talks to founder and insurance director Arron Banks about the broker's distinctive approach to the market.
Two more employees leave Aon to head to Bluefin
Two more people have left Aon for Bluefin to form part of its new real estate division, Post has learnt.
Marsh to take $600m hit on Kroll disposal
The Financial Times reports The Carlyle Group, Apax Partners and General Atlantic have all entered bids by the deadline for first expressions of interest in late February.
Bluefin set to make six acquisitions
Axa-owned broker also reveals it expects to make “many more” acquisitions in coming months, targeting the East Midlands, South West, Wales, and Northern Scotland.
Questgates completes integration of new liability adjusting businesss
Questgates has completed the integration of the liability adjusting division acquired from Teceris Corporate and Complex Adjusting - part of Capita Group.
Interview: Ulrich Wallin, Hannover Re - German ambition
Since taking the reins at Hannover Re from Wilhelm Zeller in June last year, Ulrich Wallin has helped the German reinsurer grow both organically and through acquisition. He tells Katherine Blackler about his career, predictions for 2010 and plans for…
Prudential may exit some Asian lines after AIA swoop
Prudential may quit some countries in Asia should it seal the buy of AIG’s AIA, sources told newswire Reuters on Friday, allowing the bulked-up insurer to focus on key markets.
Alterra names new executives
Alterra, the new name for the newly-combined entities of Bermudian reinsurance rivals Harbor Point and Max Capital, has named its executives.