Mergers & acquisitions (M&A)
NAHL agrees £25m deal for rehab firm Bush & Company
Legal services focused UK consumer marketing business NAHL has conditionally agreed to acquire the entire share capital of Bush & Company Rehabilitation.
Catalina subsidiary snaps up Allianz Suisse Re
Catalina Holdings’ wholly owned Swiss subsidiary Glacier Reinsurance AG has signed a definitive agreement to acquire Allianz Suisse Re from Allianz SE.
Willis completes PMI Health Group deal
Willis Group has completed the acquisition of PMI Health Group, the UK-based healthcare adviser and broker.
Higos bolsters commercial offering with purchase of AJP Partnership
Higos Insurance Services has acquired independent commercial broker AJP Partnership.
Compre given capital backing for acquisition trail after CPBE deal completes
Private equity house CBPE Capital has pledged that extra capital will be available to fund acquisitions following the completion of its takeover of UK-based legacy specialist Compre for an undisclosed sum.
Capita and Apollo Global Management make bids for Xchanging
Xchanging has received takeover approaches from Capita and Apollo Global Management, the company has told the London Stock Exchange.
The County Group acquires Brady & Jones
The County Group has acquired Welsh broker Brady & Jones for an undisclosed amount.
Parabis in talks with Davies over sale of loss adjusting businesses
Parabis Group is in talks to sell its liability and property loss adjusting businesses to Davies Group, Post understands, amid a strategic review by the legal and professional services organisation.
Chilton focused on moving Gallagher away from ‘opportunistic' M&A
Arthur J Gallagher International CEO Grahame Chilton wants to change the broker's M&A tactics to become more strategic following its previous "opportunistic" approach.
Markerstudy completes fifth 2015 acquisition with AA Autowindshields deal
Auto Windscreens has completed its acquisition of AA Autowindshields resulting in 200 staff joining the Markerstudy group.
Principal Insurance buys Kendal-based Marsh broker
Principal Insurance has acquired Marsh's Kendal-based motor broking business with all six staff transferring with the business.
Am Trust to acquire Republic for £153m
Am Trust has reached an agreement to acquire Texas-based property and casualty insurer Republic from its owners Delek Group for $233m (£153m).
R&Q completes IC Insurance purchase
Randall & Quilter has completed its acquisition of IC Insurance for £17m, a London Stock Exchange note has confirmed.
Swiss Re's Admin Re unit buys Guardian Financial Services
Swiss Re’s business unit Admin Re has agreed to acquire closed life insurance fund consolidator Guardian Financial Services from private equity firm Cinven for £1.6bn.
Brit increases US exposure with Ambridge Partners investment
Brit has made a strategic investment in long-time trading partner Ambridge Partners.
Editor's Comment: Avoiding heartbreak
Sometimes the best thing to do is call it all off early on – it is less likely to cause heartache and in many cases it’s the bravest thing to do.
Hester surprised at Zurich deal collapse
RSA group CEO Stephen Hester has confessed his shock at Zurich's decision to break off talks about an acquisition of the company.
Legal market consolidation tipped to continue despite insurers' concerns
Insurers' concerns over declining service levels are unlikely to quell an uptick in mergers and acquisitions activity in the insurance law market, as legal firms battle to obtain market share and establish more sustainable operating margins.
Future bids expected for RSA as Zurich pulls plug on acquisition
RSA's appeal as an acquisition target has not been diminished by Zurich's decision to pull the plug on takeover talks, according to market analysts, who have nevertheless suggested that a future deal is unlikely to take place in the short term.
Bought By Many to harness social media after buying pet insurance broker
UK start-up Bought By Many has acquired 100% of the shares in pet insurance broker Brooks Braithwaite (Sussex).
JLT Employee Benefits to acquire Close Brothers' corporate arm
JLT Employee Benefits has agreed to acquire the corporate business of Close Brothers Asset Management for an undisclosed fee.
Clyde & Co enters Scotland with Simpson & Marwick merger
Law firm Clyde & Co is to establish a Scottish presence through a merger with Simpson & Marwick, effective from 1 October.
Editor's Comment: The era of mega deals
This year’s trend for mega merger and acquisition deals continued last week when Japanese insurer Mitsui Sumitomo agreed a deal to acquire Amlin for £3.47bn – more than twice its tangible book value, subject to approval – while in the broking sector…
Hastings IPO tipped to benefit from recent M&A activity
The timing of Hastings Insurance Group’s initial public offering could attract investors with surplus cash following the recent spate of insurance mergers and acquisitions, according to industry analysts.