Mergers & acquisitions (M&A)
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.
GRP's Mike Bruce on win-win consolidation
Mergers and acquisitions take many shapes in the UK retail broking market, writes Mike Bruce, CEO broking at Global Risk Partners, noting some deals can actually support an owner's entrepreneurial spirit.
Allianz replaces Aviva capacity for GRP-backed Higos
Allianz will provide capacity for Higos’ SME business, following Aviva’s decision to cancel agencies with all GRP-backed brokers.
Aviva completes €130m Friends First acquisition
Aviva Ireland has completed the acquisition of life insurer Friends First for €130m (£116m) after receiving regulatory approval from the Central Bank of Ireland.
Allianz takes 8% stake in Africa Re
Allianz is to take an 8% stake in Africa’s leading reinsurer Africa Re.
Ardonagh MGA division to exit loss-making personal lines
Ardonagh’s underwriting division will exit unprofitable parts of its personal lines book after it reported a £5.2m loss in the first quarter 2018.
Sedgwick UK will finalise organisational structure by June
Exclusive: Sedgwick UK will have finalised its operational structure following its merger with Cunningham Lindsey by June.
Allianz to gain £250m commercial book from LV deal
Insurance giant Allianz will gain a commercial book worth £250m from LV following its purchase of 49% of LV’s general insurance business.
Analysis: How Lloyd's is faring in the Middle East
As economies in the Middle East diversify, new opportunities for insurers and reinsurers are beginning to show themselves. Is the London Market taking full advantage?
Allianz starts transfer of 2000 personal lines brokers to LV
Allianz will transfer 2000 broker partnerships to LV under the terms of the joint venture, starting next month.
Blog: Eight things to look out for at Biba 2018
As the UK insurance sector descends on Manchester for the 2018 British Insurance Brokers' Association conference, Jonathan Swift predicts some of the key talking points on the floor and in the bars around the venue.
Peter Cullum-backed Lexicon targets growth with Oasis buy
Peter Cullum-backed Lexicon Property has acquired Oasis Property Insurance Services.
LV will take on Allianz personal lines business from June
Exclusive: LV will start to write renewals of Allianz personal lines business from the beginning of next month.
L&G announces two deals as it looks to ramp up GI premium
Legal & General is now the majority capacity provider for a £550m five year binder with Pen Underwriting, as the general insurance business aims to grow its premium by double digits in the coming year.
Boyd Insurance snaps up Scottish broker
Boyd & Company has acquired independent insurance broker, Insureness.