Mergers & acquisitions (M&A)
Mitsui to complete Amlin takeover next month
Mitsui Sumitomo Insurance Company's £3.47bn acquisition of Amlin is expected to complete on 1 February.
Blog: What happened to the Friends Reuniteds of the insurance .com boom?
We are currently living in an age where digital start-ups are very much in vogue.
PMI consolidator Chase Templeton reveals first 2016 deals
Private medical insurance broker Chase Templeton has completed its first acquisitions of the year, purchasing Health Equity Solutions and Caledonian Health Solutions.
Ace completes Chubb deal predicting $650m savings by 2018
Ace has completed its acquisition of Chubb, adopting the Chubb name and commencing trading today (15 January) on the New York Stock Exchange under the symbol CB.
Blog: Solvency II to fuel further consolidation in 2016
During the last 12 months, insurers have responded to the prevalent commercial, economic and regulatory pressures by stepping up mergers and acquisitions activity, cutting costs and rationalising non-core activities.
Hyperion eschews 2015 dividend as RKH deal fuels £81.4m accounting loss
Hyperion will report an International Financial Reporting Standards accounting loss of £81.4m for 2015 as a result of expenses such as that associated with the acquisition of RKH.
Right Choice buys three breakdown brands from ERS
Right Choice Insurance Brokers has acquired three motor breakdown insurance brands from ERS resulting in the transfer of approximately 150,000 vehicles and customers insuring under the Autonational, Auto Aid and Eurorescue brands.
Principal snaps up second motorcycle book in quick succession
Manchester based Principal Insurance has acquired the motorcycle book of Simply Insurance in a deal that has been completed just days after the acquisition of a similar book from iGO4 Partners.
Acquisition gives Aston Scott its 13th office
Aston Scott has completed its acquisition of Essex-based First Commercial today (8 January)
Covéa confirms completion of Sterling integration
Sterling Insurance is no longer a separate trading entity having formally integrated into Covéa Insurance on 1 January 2016.
Principal buys IGO4's motorcycle book
Principal Insurance has bought Bike Team from IGO4 Partners bringing a book of 5000 bike policyholders to the Manchester-headquartered business.
Ryan Direct Group buys Midas Underwriting
Insurance services business Ryan Direct Group has entered into agreement to acquire Northern Ireland-based managing general agent Midas Underwriting.
PIB hires Towergate's Brown as CFO
PIB Insurance Brokers has appointed Towergate Underwriting finance director Ryan Brown as its chief financial officer.
Amlin completes merger of two of its subsidiaries
Amlin yesterday (4 January) completed the merger of its two insurance company subsidiaries, Amlin Europe and Amlin Insurance (UK).
Lime Street acquires Houlder Insurance Services
Lloyd’s broker Houlder Insurance Services has been picked up by Sande Investments, which owns Lime Street Brokers, as Houlder’s parent company decided to exit the London Market.
Acquisition of French broker Gras Savoye finalised
Willis Group has completed its acquisition of French insurance broker, Gras Savoye.
Xchanging and CSC deal moves closer
A deal between technology provider Xchanging and US-based Computer Sciences Corporation (CSC) is closer today with CSC purchasing another 10% of Xchanging shares.
C-Suite - Insurer: A Diverse New Year
When insurers reflect on 2015 there is no doubt it will be remembered as the year of new partnerships. Indeed, with the festive season upon us, there are plenty of companies in the market seeing in their first Christmas together. Alongside some major…
Gallagher makes Australian acquisition
Broker Arthur J Gallagher has acquired Australian-based Strathearn Insurance Group.
Zurich to spend up to £702m on US agricultural insurer
Zurich's subsidiary, Zurich American Insurance Company, will buy US agricultural insurer Rural Community Insurance Services for up to $1.05bn (£702m) from Wells Fargo, which will strengthen its top five position in US commercial insurance.
Nexus adds to specialist team with Millstream Underwriting
Nexus Underwriting Management has continued its growth, acquiring Millstream Underwriting today (17 December).
DWF to acquire German law firm Bridgehouse Law
Defendant law firm DWF is to acquire German international commercial firm Bridgehouse Law on 1 January 2016.
Editor's Comment: 2015: A year in review
Christmas is a time for reflection on the past year and to think about what 2016 might bring.
Expertise From A-Z: Full Year Market Spotlight – The Game Changers
How will changes during 2015 impact the industry in the coming year?