Mergers & acquisitions (M&A)
Helvetia concludes withdrawal from Belgian market
Swiss insurer Helvetia has completed the sale of its subsidiary Nationale Suisse Belgium and the two underwriting agencies owned by the latter to Enstar Group.
Groveland looks to expand following Hong Kong acquisition
Groveland Financial Services wants to partner with more brokers and talk to retiring brokers after integrating Swiss Insurance Partners' Hong Kong book.
Clear completes 19th acquisition with Emson Corporate Services buy
Clear Insurance Management has acquired Emson Corporate Services, taking the broker's controlled premiums to £70m.
County Group strengthens leadership team to boost growth
The County Group has hired a group finance director and integration head to assist its organic and acquisitive growth plans.
Late bid by CSC in Xchanging takeover
Procurement and technology provider Xchanging has seen another takeover bid, this time from US-based technology company CSC.
GB Underwriting snaps up UK property book from Kay International
GB Underwriting has acquired Kay International’s portfolio of UK property business in a deal that is billed as a “significant enhancement” to the independent managing general underwriter’s properties insurance capabilities.
Motorsports specialist Ellis Clowes acquired by Integro
Lloyd’s sports and hostile territories specialty broker Ellis Clowes has been acquired by US-based broker Integro.
FCA approves Osprey takeover
The Financial Conduct Authority has approved Thomas Miller's proposed acquisition of Osprey Holdings, the parent company of Osprey Underwriting Agency.
Chase Templeton acquires Kent-based broker Consilium
Chase Templeton has completed its largest ever acquisition through the asset purchase of Kent-based healthcare broker Consilium Employee Benefits.
M&A activity leading to rise in warranty and indemnity insurance players
Law firms are increasingly recommending businesses take out warranty and indemnity insurance during the M&A transaction process leading to several brokers and underwriters entering the market, according to Lockton Companies.
Interview: Robert Organ: Calling the tuna
Bluefin CEO Robert Organ returned to the broker in April after a two-year stint at parent Axa. He assures Post his remit is not to sell the business.
Apollo pulls out of Xchanging race
Apollo Global Management has decided against making a further offer for outsourcing firm Xchanging, leaving the path clear for Capita to finalise a deal.
Deal finalised as Integro acquired by private equity investor
A deal to acquire international insurance brokerage and risk management firm Integro by an Odyssey Investment Partners affiliate was completed today (November 2).
Chase Templeton buys Healthcare Solutions
Private medical insurance brokers Chase Templeton has finalised its 15th acquisition of the year after completing a deal to buy Healthcare Solutions.
Ninety-nine percent of Jelf shareholders approve takeover by Marsh
An overwhelming majority of Jelf shareholders have voted to approve the broker's £258m takeover by Marsh.
Wilson hails UK organic growth dismissing likelihood of ‘jumbo' deals
Aviva group CEO Mark Wilson said the insurer will consider "build-out" acquisitions that complement its distribution model but is not considering any "jumbo" deals.
Chubb shareholders approve Ace deal with 98% voting in favour
The Chubb Corporation has confirmed its shareholders have approved the previously announced merger agreement with Ace.
Bluefin M&A pipeline strong with two 2015 purchases yet to be announced
Bluefin has completed two further acquisitions in 2015 that it is yet to formerly announce, in addition to the purchase of Bennett Fozzard in May.
Applied Net 2015: Smaller brokers told to take long-term approach to M&A
Smaller brokers must focus on “life after the deal” in order to compete against the likes of Arthur J Gallagher and private equity-backed rivals in the booming mergers and acquisition environment.
Thomas Miller buys majority stake in Osprey
Thomas Miller has acquired a majority shareholding in marine and aerospace insurer Osprey Holdings.
Europe: The year ahead for run-off business
Solvency II, the growing legacy market and expanding run-off activity are among the main challenges facing discontinued insurance business in Europe.
A-plan to target specialty brokers
A-Plan Insurance CEO Carl Shuker has confirmed the company is looking to go on the takeover trail following the appointment of Jonathan Hartley as acquisitions manager.
Capita bid of £412m recommended by Xchanging board
The board of Xchanging has recommended that shareholders accept a £412m bid for the company that has been lodged by Capita.
C-suite - Broker: Communication during acquisition
Information for both clients and employees should be targeted and relevant.