Mergers & acquisitions (M&A)
SEIB picks up Equicover brand
South Essex Insurance Brokers Insurance Brokers has taken over £250,000 in gross written premiums from equine insurance broker Equicover’s portfolio.
Insurtechs on Tempcover's radar as it spies acquisition targets
Exclusive: Short-term insurance specialist Tempcover is actively looking for acquisition targets, and views the insurtech sector as a potentially lucrative hunting ground.
This week in Post: Sore heads and muddy journos
It’s been a week for sore heads, with England crashing out of the World Cup on Wednesday. Fortunately, with the industry keeping us so busy, there hasn’t been much time to ruminate on the pain.
Advent and Brit owner looks to merge Lloyd’s businesses
Fairfax Financial Holdings, the parent of Advent Capital Holdings and Brit, is planning to merge some of their Lloyd’s business and place the rest into run-off.
Zurich's Puneet Sharma: Calling time on credit markets
Credit has been underperforming equities and Puneet Sharma, managing director at Zurich, believes this warrants a rethink of portfolio positioning.
Axa reveals new brand for XL
XL will rebrand as Axa XL and combine all its property & casualty business and specialty risks into the new entity.
Analysis: Allianz’s acquisitive appetite
With reports suggesting that CEO Oliver Baete has a big ticket acquisition in mind, rumours have been circulating that Allianz could look to hoover up one of the larger players in the UK market.
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.