Chris Lay enjoyed his time in Canada but Marsh’s new UK and Ireland CEO has no doubt that London is the place to be. “The UK is a priority for Marsh,” he told Cecile Brisson, just before the world’s biggest broker bought off London-based broker Jardine…
Davies Group said it doesn’t have “limits to its ambition” over acquisitions, as the company saw earnings grow by 47%.
Coverys is in talks about buying three large books of business in run-off, the company said.
Independent Scottish broker Bruce Stevenson has bought Turiff-based Youngson Insurance Consultants.
Cyber and specialty lines managing general agent Ascent Underwriting has appointed Caspar Stops as head of cyber.
The County Group has made its second acquisition of the year, having acquired Derby-based broker Rahon Insurance.
As Swinton meets its match in Ardonagh, the insurance courtship game has continued to hit headlines.
Swinton will continue its trajectory toward becoming primarily a digital business, Ardonagh CEO David Ross said, but he refused to call time on the high street broking model.
The Ardonagh Group has struck up a deal with Covéa to acquire Swinton for £165m.
Scor’s CEO has slammed an activist investor for “baseless accusations and threats” over a rejected takeover bid from Covéa.
Marsh’s whirlwind acquisition of JLT surprised ratings agencies, as it was a “larger” deal than expected from the world’s biggest broker.
Supply chain procurement continues to evolve against a backdrop of consolidation among both insurers and third party administrators. Edward Murray looks at how tendering is changing from the demands on suppliers to the length of partnerships
Exclusive: Former CBL-owned wholesale broker European Insurance Services Ltd will look to launch new products following its management buyout.
Exclusive: The administrators of CBL have sold UK-based European Insurance Services Ltd in a private equity-backed management buyout.
The owner of Lloyd’s motor insurer ERS is exploring the potential for a sale of the business.
Marsh has been the talk of the town this week as it acquired the shares in broker JLT, shoring up its position as the largest broker by revenue in the world.
Scor’s leadership has been accused of “gross negligence” over its rejection of a takeover bid from Covéa.
Marsh expects to save around $250m in “cost synergies” from the acquisition of JLT, with up to 3750 jobs at risk.
Marsh’s $5.6bn (£4.2bn) acquisition of JLT could spell opportunity for private equity-backed brokers, analysts believe.
Marsh & Mclennan will buy Jardine Lloyd Thompson for $5.6bn (£4.2bn) in a move that will shore up the company’s position as the largest broker in the world.
GRP has acquired Lloyd’s coverholder U-Sure Insurance Services for an undisclosed sum.
The Hanover has sold Chaucer to China Re for a total price of $950m (£726m).
Carlyle Group has bought claims firm Sedgwick for $6.7m, the company announced, confirming earlier reports.
Charles Taylor saw H1 pre-tax profits fall 95% on the back of one-off restructuring costs.