Mergers & acquisitions (M&A)
Allianz UK sees drop in profits as COR improves marginally
Allianz UK saw its combined operating ratio marginally improve in H1 2017 despite deteriorating operating profits.
Allianz LV deal precursor to more European activity in UK market, brokers say
Allianz’s purchase of 49% of LV’s GI unit could be a precursor to further UK market activity from European insurers, brokers said.
LV confirms talks with Allianz over GI stake sale
LV has confirmed that it is in discussions with Allianz regarding a potential sale of a significant minority stake in the insurer’s GI operation.
Open GI completes acqusition of Transactor
Open GI has completed its transaction of rival software house Transactor Global Solutions.
Interview: Anthony Baldwin, AIG
Eighteen months into his role, Anthony Baldwin, CEO of AIG Europe and AIG UK, talks to Stephanie Denton about restructuring, co-creating and being the first insurer to move to Luxembourg.
Questgates acquires majority interest in Hyperion Adjusters
Questgates has agreed to acquire a majority interest in London-based Hyperion Adjusters.
JLT to make acquisitions in H2 2017
JLT is likely to make strategic acquisitions in the second half of 2017.
Interview: Karen Beales, UK General
Karen Beales was recently appointed CEO of UK General from her existing role as managing director, following JC Flowers’s acquisition of the company. Post discussed with Beales what the future holds for the managing general agent.
Howden acquires Sterling Knight in Singapore
Howden, the retail broking arm of Hyperion Insurance Group, has bought SME specialist broker Sterling Knight in Singapore for an undisclosed sum.
Broker Network saw revenue rise over 2016
Broker Network saw revenue increase to £10.3m in 2016, up from £8.8m in the previous year.
Beazley's H1 profit up 6% thanks to speciality lines and investment gains
Lloyd's of London insurer Beazley reported a 6% rise in first-half pre-tax profit, thanks to growth in its US specialty lines business and investment gains.
Hannover Re completes acquisition of Lloyd's syndicate
German reinsurance giant Hannover Re has completed the acquisition of the UK holding company Argenta Holdings.
Nexus enters US market with Zon Re deal
Specialty managing general agent Nexus Group has acquired US personal accident treaty reinsurance MGA Zon Re.
PIB acquisition spree continues with Franklands Insurance capture
PIB has acquired Derby and Burton on Trent-based Franklands Insurance and Risk Management.
Nexus acquires Equinox Global
Managing general agent Nexus Group has acquired Equinox Global, a registered and approved Lloyd’s Coverholder, and all other Equinox group companies.
Axis receives regulatory nod for managing agency
Axis Capital Holdings has received final approval from the UK’s regulators and Lloyd’s to launch its own Lloyd’s managing agent.
Week in Post: Brexit, redundancies and consolidation
This week we saw the ‘Great Repeal Bill’ being introduced to Parliament, a key waystone on the long and arduous journey to leaving the European Union.
Higos acquires Colin Fear Insurance Services
Higos has acquired Colin Fear Insurance Services, its second deal since being bought by GRP.
Green Insurance acquires marine broker Collidge & Partners
Specialist marine broker Collidge & Partners has been acquired by Bexhill-based broking firm Green Insurance Group.
Stephen Catlin given the prestigious Achievement Award at the 2017 British Insurance Awards
Described as “a true statesman of our industry”, Stephen Catlin was a worthy winner of the achievement award at the 2017 British Insurance Awards last night.
Markerstudy confirms it is not selling, plans strategic acquisitions
Exclusive: Markerstudy has confirmed that it is not for sale and is planning on making further acquisitions.
Axis to buy Novae for £468m
Axis Capital has made an offer to buy Lloyd’s insurer Novae for £467.6m.
Merged Aston Scott and Lark to target Chartered brokers for acquisition
The new broker created from the merger of Aston Scott and Lark will look to strengthen its offering through further acquisitions.