Mergers & acquisitions (M&A)
Analytics key for mid-market brokers following 'defensive' Willis merger
The Willis and Towers Watson merger is a defensive move to prevent the broker being targeted for acquisition, according to industry insiders, who also claim mid-market brokers must boost their analytics offerings in the wake of the deal.
Right Choice Insurance Broker takes stake in Digilog UK
Essex-based Right Choice Insurance Broker has bought a stake in Digilog UK, a technology firm specialising in supplying integrated voice risk analysis solutions.
FCA gives Markerstudy's Chaucer purchase green light
Markerstudy's bid to acquire Chaucer's UK motor business has been approved by the Financial Conduct Authority.
Willis and Towers Watson join forces to create broking and analytics powerhouse
Willis Group and Towers Watson today announced their intention to combine forces in an “all stock merger of equals”.
Green acquires MB Mulcahy Associates
Green Insurance Group has announced the acquisition of MB Mulcahy Associates, based in Merton, South London, for an undisclosed amount.
Dual enters CEE market following DCD purchase
Dual Group has launched in Central and Eastern Europe as Dual Polska, following the acquisition of the majority stake of Torun headquartered insurance specialist, Data Connect Direct.
Marketform launches specialist M&A insurance team
Lloyd's underwriter Marketform has appointed Astrid O’Reilly as its first mergers & acquisitions insurance underwriter as it expands into the specialist class.
UK General in talks over schemes business sale
Managing general agent UK General is gearing up to sell its personal lines schemes business.
Arista acquisition cost Towergate £16.7m
Towergate paid £16.7m to acquire managing general agency Arista in 2014, the firm has said in a bondholders report published today (26 June).
Hiscox to acquire RH Specialist Insurance from Willis
Hiscox has agreed a deal with Willis to acquire its specialist UK classic car business, RH Specialist Insurance.
VRS Vericlaim buys Certo
Sedgwick-owned specialist loss adjuster VRS Vericlaim has purchased claims handler Certo in a bid to boost its third party administration and commercial loss adjusting capacity.
Nexus targets European acquisition after further BP Marsh cash injection
Niche venture capital provider BP Marsh & Partners has increased its investment in independent specialty managing general agency Nexus Underwriting Management in order to support its acquisition plans.
Analysis: Asia's high growth markets
Insurers see high growth potential in several large countries across Asia but caution is needed. Nicky Burridge explains.
Tokio Marine Holdings to acquire HCC Insurance in $7.5bn deal
Tokio Marine Holdings has agreed to acquire HCC Insurance Holdings for $7.5bn (£4.8bn) through its subsidiary, Tokio Marine & Nichido Fire Insurance Co.
Markel merger given green light by High Court
A merger between Markel International and Markel Europe has been granted High Court approval.
Dual launches M&A business in Frankfurt and London
Hyperion's underwriting arm Dual has launched a merger and acquisitions business located in Frankfurt and London.
Vienna Insurance Group subsidiary agrees Bulgarian acquisition
Vienna Insurance Group has agreed a deal to acquire Bulgarian firm UBB-AIG through its subsidiary, Bulstrad.
Broking managerial merry-go-round a by-product of market consolidation
A managerial merry-go-round within the UK broking sector is being powered by a combination of increased consolidation and insurer preference, according to market insiders, who have raised questions over organic growth knowhow.
Brendan McManus confirms new PIB role
Brendan McManus has confirmed that he is to join Chris Giles-backed broker start-up PIB.
Marsh aims to quickly 'accelerate' SMEI growth following purchase
Marsh's latest acquisition is part of an "accelerate and grow strategy" and the broker will look to quickly scale up the SME Insurance Services business.
Marsh bolsters SME capability with purchase of Leeds broker
Marsh has reached a definitive agreement to acquire Leeds-based independent broker SME Insurance Services.
Calera Capital swoops for majority stake in RFIB
US-based private equity house Calera Capital has bought a majority share in RFIB Holdings, the international Lloyd's specialty insurance and reinsurance broker.
Am Trust Europe acquires Composite Holdings
Am Trust Europe has acquired Cardiff-based Composite Holdings; a business it had provided underwriting capacity for over the past four years.
R&Q to buy IC Insurance for £17m
Randall & Quilter is to acquire IC Insurance from indirect owners Astra Zeneca UK and Imperial Chemicals Industries.