Mergers & acquisitions (M&A)
LSM takes on Ironshore renewals to spur European growth
Liberty Specialty Markets has entered into a renewal rights agreement with Ironshore Europe to take on its European non-merger & acquisition business and staff.
Ardonagh backers acquire firm from CBL
Ardonagh Group owners Highbridge Principal Strategies and Madison Dearborn Partners have bought fee protection insurance provider PFP from failed carrier CBL.
PIB nets second acquisition of the week
Consolidator PIB has bought broker Wheatley Wright, its second acquisition to be announced in three days.
Beazley's Catherina MacCabe on the mounting pressure on D&Os
Directors and officers are coming under ever closer scrutiny as pressure is mounting to comply with gender, cyber and environmental requirements, explains Catherina MacCabe, head of the International Management Liability focus group at Beazley.
Analysis: Commission costs and conflicts
Aviva and GRP’s split rekindles the consolidator commission debate
British Insurance Awards 2018: Full list of winners, their stories and photos
Former Churchill and LV general insurance boss John O’Roarke took home the Achievement prize last night at the British Insurance Awards, where his new employer Aviva was among the big winners.
Insurance M&A transactions totaled £4.5bn during first half of 2018
The UK’s financial industry completed 83 M&A deals during the first half of this year, with insurance M&A totaling at £4.5bn.
PIB snaps up second specialist childcare broker
PIB has continued on its trail of acquisitive growth, snapping up another childcare insurance broker.
Zurich gets HNW boost with completion of Oak purchase
Zurich has completed its acquisition of Oak Underwriting from RSA.
Cullum firm snaps up commercial business
Peter Cullum-owned Trimulgherry Investments has purchased Hurst Group’s commercial business and will be creating a new broker.
Verisk acquires Validus IVC
Verisk has acquired automated subrogation platform provider Validus IVC to offer its customers automated claims processing.
Slow growth and competition forcing insurers to rethink acquisition strategy
Insurance executives are pursuing acquisitions and partnerships to grow their business, but the majority of insurers are having to rethink their acquisition strategies.
Axa sells health broker to Ardonagh owners
Axa will sell its health broker, Health Insurance Group, to the private equity owners of Ardonagh.
Broker Right Choice receives £28m private equity investment
The private equity arm of Lloyds Bank has invested £28m for a minority shareholding in motor broker Right Choice.
Tokio Marine HCC buys Qdos business unit
A subsidiary of Tokio Marine HCC has bought the contractor business unit of Qdos Group for an undisclosed sum.
Three loss adjusters join forces to tackle tougher market
Exclusive: Three independent loss adjusters will eventually merge under a single brand in order to better face off against a wave of consolidation in the market.
Further M&A on the cards in AIG turnaround
AIG CEO Brian Duperreault has suggested that the insurer intends to make further acquisitions, following on from its purchase of insurance, reinsurance and asset management service provider Validus.
Interview: Steve Treloar and Jon Dye, LV and Allianz
When Allianz acquired 49% of LV’s general insurance business, it set the market talking. Martin Croucher talked to the CEOs of both businesses to chart their progress
Marsh group MGA eyes growth as it rebrands as ‘Victor’
Managing general agent the Schinnerer Group will rebrand as ‘Victor’ and is looking to double the $1bn in premiums that it already underwrites.
Markerstudy consolidates businesses into ‘super’ MGA
Markerstudy is consolidating its UK business units into a single ‘super’ managing general agent.
Qatar Re acquisition of Markerstudy still hangs on regulatory approval
Exclusive: Markerstudy is still waiting on its new parent Qatar Re to gain regulatory approval for the acquisition.
Ryan Specialty snaps up Lodestar Marine, announces equity investment
Ryan Specialty Group has completed the acquisition of Lodestar Marine.