Mergers & acquisitions (M&A)
Integro snaps up London-based MGA Entertainment Risk Management
International insurance brokerage and risk management firm Integro has acquired London-based managing general agent Entertainment Risk Management to add to its international entertainment practice.
Zurich deal represents 'excellent value' for RSA shareholders
Zurich’s proposed offer for RSA represents “excellent value” for RSA shareholders, according to analysts at Berenberg investment bank, but the case for Zurich shareholders is less compelling, they suggest.
Towers Watson shareholders aim to block Willis merger
Towers Watson shareholders have filed several class action suits against the consultancy firm in the US over its planned merger with broker Willis.
Zurich asks RSA to extend bid timeframe
Zurich has asked RSA for more time to make a formal offer for the business ahead of the bid deadline tomorrow, according to reports.
Blog: Could bids for RSA Lat Am arm help Hester scupper Zurich takeover?
With the clock ticking before Zurich has to put up or shut up in line with the takeover panel code rules, it is no surprise to see speculation intensifying as to what might happen with RSA.
SME ambitions behind Marsh interest in Jelf but integration remains an issue
Marsh’s potential acquisition of Jelf would allow the global broker to realise its SME ambitions and extend its regional presence, according to industry insiders who have warned the possible integration process must be handled carefully.
PIB tipped to make rival Jelf bid as GRP refutes interest
Brendan McManus’s PIB has been tipped as a potential alternative bidder for Jelf amid doubts other businesses have the financial firepower to outbid broking giant Marsh.
Marsh eyes Jelf acquisition as takeover talks confirmed
Jelf has confirmed it is in takeover discussions with Marsh in relation to the global broker acquiring the entire issued and to-be-issued ordinary share capital of Jelf.
PMI broker Chase Templeton acquires Atlas Consulting Group
Private medical insurance intermediary Chase Templeton has acquired Rochdale-based Atlas Consulting Group, bringing £13.8m annual premium income to the company.
Integro boosts aviation presence with division acquisition
Broker Integro has acquired the aviation division of AFL Insurance Brokers creating an additional UK-based aviation team.
Covéa and Sterling staff join forces in single Manchester branch
Covéa’s and Sterling’s regional teams have joined forces in a single Manchester office as the companies edge closer to integration.
Maciver ‘coaxed off golf course' to join Cullum at GRP
Towergate Partnership founding shareholder Kenny Maciver has joined Peter Cullum-backed Global Risk Partners to work on mergers and acquisitions.
EBA's European presence key as Nexus makes acquisitive swoop
Nexus Underwriting Management has acquired specialist managing general agent and Lloyd’s service provider EBA Insurance Services in a move to bolster its growth strategy via EBA’s European stronghold.
Howden boosts Midlands presence with Perkins Slade buy
Howden UK has agreed to buy Perkins Slade Forrest subject to shareholder and regulatory approval.
Unum spends £31.7m on National Dental Plan purchase
Unum has acquired workplace dental insurer National Dental Plan from Capita for £31.7m, pending regulatory approval.
Dye denies Allianz UK's reinsurance arrangement is for acquisition 'war chest'
Allianz UK's 12% drop in operating profit in the first half of 2015 was impacted by a quota share reinsurance arrangement agreed with sister company Allianz Re, according to CEO Jon Dye.
Jelf swoops for North London broker Libra
Jelf has grown its southern footprint by acquiring Watford-based broker Libra Insurance Services.
One Broker buys Essex-based independent firm
One Broker has acquired the entire share capital of Barking-based independent broker P J Weller & Son.
Hester bigs up RSA's ‘stand-alone' value in face of Zurich deal
RSA's strategy dictates it will have a strong stand-alone value in the coming years, according to group CEO Stephen Hester who has assured shareholders he is serving their interests in the face of a potential takeover bid from Zurich.
Lockton and Vocare launch 'out-of-hours' PI offering
Broker Lockton has teamed up with NHS outsouring provider Vocare in a bid to level the playing field for GPs wanting to take up out-of-hours work.
Auto Windcreens pens 10 year deal with AA following acquisition
Automotive glass repair and replacement provider Auto Windscreens has acquired the AA’s automotive glazing business AA Auto Windshields.
Integro snapped up by PE house Odyssey
International insurance brokerage and risk management firm Integro has reached an agreement to be acquired by entities affiliated with private equity firm Odyssey Investment Partners.
Hiscox completes purchase of classic car specialist
Hiscox has completed its acquisition of specialist UK classic car business, RH Specialist Insurance.
Pen PI team gets 'A' rated capacity boost from Qatar Insurance Group
Pen Underwriting, the Arthur J Gallagher-owned managing general agent collective, has signed a long-term capacity deal for its solicitors' professional indemnity division with Qatar Insurance Company Europe.