Mergers & acquisitions (M&A)
Analysis: Collapse of Lamp highlights lessons still to be learned
Gibraltarian insurer Lamp is the fifth unrated carrier to fall over in the past three years. The insolvency once again demonstrates the risks brokers take when they use unrated insurers, industry figures have warned.
GRP's Mike Bruce on why consolidation really means integration
Mergers and acquisitions are headline news but Mike Bruce, CEO of broking at Global Risk Partners, believes the success can only be judged if there is true integration.
Aston Lark deal gives broker firepower for larger acquisitions
The acquisition of Aston Lark by Goldman Sachs could enable the broker to seek out larger acquisition targets, the company's CEO Peter Blanc said.
Stackhouse Poland MGAs to be absorbed by Pen Underwriting
Two managing general agent businesses acquired by Gallagher as part of its recent purchase of Stackhouse Poland will eventually become part of Pen.
This week in Post: Conference, cuts and conservative leadership
This week, along with the rest of the team, I attended the British Insurance Brokers’ Association conference. I knew it would be an action-packed week - but nothing could prepare me for what was ahead.
Aspen MGA in run off with 111 jobs at risk
Aspen has cut loose its UK SME managing general agent, with 111 jobs on the line as a result.
Fourth acquisition in two weeks caps off recent cluster of GRP broker buys
Exclusive: Higos, GRP’s hub business in the South West, has acquired The Insurance Group for an undisclosed sum.
This month: Celebrations, culture and change
In this month’s issue, Post publishes the annual Insurtech 100, a celebration of growth and innovation in insurance across Europe, Asia and the USA, in association with Tällt Ventures.
Interview: Michael Rea, Gallagher
With Gallagher re-entering the M&A game after a four year hiatus, Michael Rea spoke to Harry Curtis about what makes a good deal, how consolidation is changing, why restrictive covenants need to be upheld and the Ardonagh court case
Canopius attracts investment from Samsung
Canopius has partnered with Samsung Fire & Marine Insurance to offer “innovative customer-focused” insurance solutions across the globe.
This week: The Godfathers of insurance return
Just when they think they’re out, insurance pulls them back in. This week, two big names from the recent past, Stephen Catlin and Steve McGill, returned to the fold.
GRP brokers make three acquisitions
GRP-owned Cavendish Munro has made one acquisition, while Green Insurance Group has bought two businesses.
Abbey Legal BTE rebrands to Markel Legal Expenses Insurance
Abbey Protection Group and its associated branding, including Abbey Legal Before the Event Services, has rebranded to Markel.
Allianz in talks to buy L&G general insurance business – report
Allianz is in talks to buy Legal & General general insurance business, according to Sky News.
This week: A rest or a change
I was lucky enough to spend last week’s sunny bank holiday on the South Coast enjoying a well-earned rest. For others in the insurance industry it seems that the saying 'a change is as good as a rest' is proving true with some major people moves this…
Handl Group grows its medical and treatment portfolio
Handl Group, previously trading as FL360, continues its acquisition strategy with a purchase of Harrison Associates.
Pro Global snaps up Vibe MGA Management
Vibe managing general agent Vibe MGA Management has been bought by US reinsurance outsourcing and consultancy specialist Pro Global Insurance Solutions.
This week: Easter egg-citement
As we head towards a welcome four-day weekend, the insurance world has been getting in the spirit for Easter in the only natural way: smashing chocolate eggs.
Canopius and Amtrust Lloyd’s ink merger agreement
Canopius and Amtrust Lloyd’s have signed a merger agreement that is expected to see the combined operations become a top five Lloyd’s managing agent.
Blog: Aquiline's recommitment to ERS highlights turnaround success after dark days of IAG
Jonathan Swift reflects on the turnaround at ERS and why Aquiline might have decided to wait to sell the motor insuer
Woodgate and Clark owner snaps up marine surveyor
Van Ameyde, which owns Woodgate and Clark, has bought marine surveyor and consultancy McAusland Turner.
Crawford & Co on hunt for UK & Ireland head as Clive Nicholls steps down
Crawford & Company has begun the search for a new president, UK and Ireland, after incumbent Clive Nicholls announced his intention to retire on the 30 September 2019.
Aston Lark completes third acquisition of 2019
Aston Lark has completed its third acquisition of 2019 with the purchase of Jobson James insurance broker and its specialist employee benefits practice Jobson James Consulting.
This Month: Figures, finalists and fools
Our cover interview for April features Amanda Blanc’s move from Axa to Zurich which was perhaps the most talked about people move of 2018. The Association of British Insurers' chair spoke to Jen Frost about her plans for the business in the coming year.