Mergers & acquisitions (M&A)
McLarens secures alternative private equity backing
McLarens' largest private equity backer has sold its stake in the company.
Ardonagh sells commercial MGA to Arch for £31m
The Ardonagh Group will sell its commercial underwriting business to Arch for £31m.
Revealed: The future of Ed and Besso under BGC
A holding company will be established for Ed and Besso, with Steve Hearn as group CEO. However the two BGC-owned brokers will remain separate companies.
Reich Group buys Stockport broker
Manchester-based Reich Group has bought LJM Insurance Brokers.
BP Marsh boosts its stake in Nexus
BP Marsh's announcement of its purchase of a 1.9% stake in managing general agent Nexus.
Ardonagh looks to debt for Swinton acquisition
The Ardonagh Group is taking on $225m (£176m) of additional debt as it acquires Swinton.
Besso-owner BGC acquires Ed
Global reinsurance, wholesale and specialty broker Ed has been acquired by BGC Partners.
Applied looks at acquisitions following Google investment
Applied Systems will consider entering Australia, New Zealand or South Africa if an acquisition opportunity presents itself.
Google: We believe in brokers
Google’s investment in Applied is a vote of confidence for the longevity of the broker channel, the company said.
Google looking for further investment in insurtech
Google is actively looking for further investment in the insurtech space, following its acquisition of a minority stake in Applied Systems.
Miller acquires fellow Lloyd's broker Alston Gayler
Miller Insurance Services has reached an agreement to acquire marine and specialty broker, Alston Gayler and Co, for an undisclosed amount.
Gallagher's second acquisition of the year is South Coast broker Portmore, with more to follow this year
Gallagher has made regional commercial broker, Portmore, its second acquisition of the year for an undisclosed amount.
Applied gets ‘nine figure’ investment from Google VC
Applied Systems has secured a “nine figure” cash injection from a Google investment firm in a move that will further drive growth at the company.
Updated: Ardonagh sells Direct Group's claims businesses to Davies
The Ardonagh Group has agreed to sell Direct Group’s claims businesses to loss adjuster Davies for up to £36m.
Cincinnati acquires Lloyd’s syndicate from Munich Re
Cincinnati Financial has reached an agreement to acquire Munich Re subsidiary MSP Underwriting for £102m – a deal that we see them enter the Lloyd’s market for the first time.
Swinton CEO departs following Ardonagh acquisition
Gilles Normand has stepped down from the CEO job at Swinton following its acquisition by Ardonagh.
Davies acquires insurance consultancy
Davies Group has acquired insurance consultancy business Ember for an undisclosed amount.
Blog: Mark Wilson the surefire hit as Aviva CEO, who lost the trust
Following yesterday's announcement by Aviva that Mark Wilson is to step down as group CEO of Aviva, Jonathan Swift reflects on why the move was not such the "shock" some painted it as.
Interview: Chris Lay, Marsh
Chris Lay enjoyed his time in Canada but Marsh’s new UK and Ireland CEO has no doubt that London is the place to be. “The UK is a priority for Marsh,” he told Cecile Brisson, just before the world’s biggest broker bought off London-based broker Jardine…
Davies has ‘no limits’ to acquisitive ambition
Davies Group said it doesn’t have “limits to its ambition” over acquisitions, as the company saw earnings grow by 47%.
Coverys outlines growth plans for Lloyd's business
Coverys is in talks about buying three large books of business in run-off, the company said.
Bruce Stevenson steams past £30m GWP, acquires regional broker
Independent Scottish broker Bruce Stevenson has bought Turiff-based Youngson Insurance Consultants.
More hires expected as MGA Ascent plucks cyber head from Brit
Cyber and specialty lines managing general agent Ascent Underwriting has appointed Caspar Stops as head of cyber.
County Group expects to close more deals after swooping for Derby-based broker
The County Group has made its second acquisition of the year, having acquired Derby-based broker Rahon Insurance.