Mergers & acquisitions (M&A)
Novae adopts Axis brand as deal is completed
Axis has completed its acquisition of Novae, which will be merged into the Bermudan-insurers brand.
XL Catlin to buy 20% of Indian broker
Global insurer XL Catlin is to buy a 20% stake in an Indian insurance broker.
Ardonagh buys Carole Nash and Mastercover
Newly formed broking group Ardonagh has acquired Altrincham-based motorcycle broker Carole Nash and Hertfordshire-based broker Mastercover.
Erskine Murray acquires Offley Insurance Services
Erksine Murray has acquired Cheshire-based broker Offley Insurance Services.
R&Q raises £45m additional capital to fund growth plans
Randall & Quilter has raised £45m in share capital which will provide “significant growth opportunities” in future, the company said.
Vantage Holdings acquires Maybury James
The holding company of Stewart Miller McCulloch & Co has been acquired by Vantage Holdings.
County Group acquires NMJ Insurance Brokers
The County Group has acquired NMJ Insurance Brokers.
Applied Net 2017: Applied Systems 'not averse' to UK acquisitions
Applied Systems is "not averse" to potential acquisitions as it rolls out its Epic platform in the UK.
PIB buys MGA Aqmen
PIB has bought specialist managing general agent Aqmen, its 11th acquisition in 17 months.
Axis unveils £468m Novae acquisition timeline
Axis has announced the timeline for its £468m acquisition of Novae.
Applied Net 2017: Brokers must invest in technology to grow valuations
Brokers need to invest in technology to grow the valuations of their businesses as the market continues its trend of consolidation, a conference heard.
Ardonagh to take aim at ‘dollar economy’, says Ross
The Ardonagh Group can go “anywhere it wants” as it sets its sight on expansion into the US market, the company’s CEO has said
Brightside to launch MGA Kitsune in Q2 2018
Brightside’s managing general agent, Kitsune Associates, is set to launch during Q2 next year.
Blog: Why incumbent insurers must buy out insurtech start-ups
Instead of just driving efficiencies, some start-ups now have the ambition to become full-stack insurers, warns Paul Cuatrecasas, CEO of investment bank Aquaa Partners, urging incumbents to buy out these potential competitors.
Lloyd’s and MGA market are growth areas for Davies Group: Saulter
Davies Group eyes up Lloyd's and MGA market as opportunity for growth, says CEO Dan Saulter.
Eight Bar Financial International acquires Accident Exchange Limited as part of major restructure
Accident Exchange Limited has been acquired by Eight Bar Financial International as part of a major restructure within Automotive and Insurance Group, AEL’s parent company.
This Week in Post: A new world of data awaits
I often find myself targeted by banner ads ranging from pizza takeaways, to – inexplicably - elderly toilet aids.
Davies Group continues spending spree with Ambant acquisition
Davies Group has acquired specialist insurance provider, Ambant Limited, which will see a new insurance division being formed within the group.
Generali sells Generali Nederland to ASR Nederland
Generali Group has entered into a share purchase agreement to dispose its entire shareholding in Generali Nederland.
AA holds talks over insurance business sale to Hastings
The AA and Hastings have held talks over a potential general insurance partnership.
Three motor service providers acquired under new holding group AGL
Three brands in the vehicle repair, claims and technology sectors have been acquired under holding group AGL, which launched today.
Markel to acquire ECIC
Specialist insurer, Markel International has acquired EC Insurance Company.
PIB buys childcare broker Morton Michel
PIB has acquired Croydon-based specialist broker Morton Michel, its tenth deal in 16 months.
Watchstone CEO Mukerjee: 'There is no yard sale'
Indro Mukerjee, the outgoing CEO of Watchstone has admitted that while it might have been more “romantic” or “Hollywood” to have grown the business by acquisitions during his two year tenure, it would not have benefited shareholders long term.