Mergers & acquisitions (M&A)
Collinson acquires Specialty Assist
Collinson Group has acquired corporate assistance specialist Specialty Assist, subject to regulatory approval.
DWF and Watmores to merge
Legal firm DWF is to merge with niche insurance practice, Watmores, the duo have announced.
Restructuring leads to hold on Towergate M&A
Towergate's financial restructuring has led to a hold on the company's merger and acquisition activity while group M&A director Ryan Brown has taken on the role of finance director for Towergate Underwriting.
Bruce to bring much-needed retail and distribution expertise to GRP
London market consolidation business Global Risk Partners' appointment of ex-Bluefin CEO Mike Bruce is expected to provide the firm with a springboard for expansion.
GRP hires former Bluefin CEO Bruce to lead retail business
Former Bluefin CEO Mike Bruce has been appointed as head of retail insurance broking at David Margrett’s Global Risk Partners.
CMA to investigate Willis and Miller deal
The Competitions and Markets Authority has decided to launch a formal investigation into the proposed majority acquisition of Miller Insurance Services by Willis.
Exor bid raises doubts over £7.3bn Partner Re and Axis merger
The planned merger between Partner Re and Axis Capital could be dashed following a $6.4bn (£4.3bn) bid by Italian operation Exor to acquire the reinsurer.
Markerstudy tempted by Gibraltar pair before sealing Chaucer deal
Markerstudy was interested in acquiring either one of Gibraltar-based pair Octagon or the now defunct Service Insurance Company before sealing a deal to buy Chaucer's UK motor book.
Markerstudy GWP to move north of £900m following Chaucer deal
Markerstudy has reached an agreement to acquire Chaucer’s UK motor business in a deal that will extend the insurer’s grow written premium to in excess of £900m and increase its headcount by 430.
Moore Stephens and Chantrey Vellacot to merge
Consultancy Moore Stephens is to merge with mid-tier accountants Chantrey Vellacot, the firms have announced.
Peter Blanc tipped to lead buyout at Aston Scott
Former UK retail CEO at Arthur J Gallagher Peter Blanc is set to return to the insurance market and lead a management buyout at broker Aston Scott.
Reinsurers eye greater share of primary business as rate pressure continues
Global reinsurers are increasingly looking to shift their portfolios towards primary business in the face of continued rate pressure, according to an AM Best report.
Further acquisitions not on Duperreault's radar at Hamilton
Hamilton Insurance Group CEO Brian Duperreault is not planning any further acquisitions after completing a deal to buy Lloyd's operation MBA Sportscover Underwriting.
Charles Taylor completes Scottish Widows International purchase
Professional services firm Charles Taylor has completed its acquisition of Scottish Widows International, a business it has administered for the past eight years.
Integro buys Hertfordshire-based NPA Insurance
US broking group Integro has added to its list of UK brokers with the purchase of £30m gross written premium broker NPA Insurance.
Quindell shares resume trading after miscalculation forces suspension
Business outsourcing provider Quindell was forced to suspend trading in its shares after the firm miscalculated the profits from its professional services division in a letter to shareholders regarding the unit’s sale to law firm Slater & Gordon.
Carlyle Group buys Nationwide Accident Repair Services for £43.2m
US private equity firm Carlyle Group has agreed a deal to buy AIM-listed Nationwide Accident Repair Services for £43.2m.
Hamilton completes deal for Sportscover
Bermuda-based Hamilton Insurance Group has tied up the acquisition of Sportscover Underwriting for an undisclosed amount.
Allied World seals purchase of RSA's Hong Kong and Singapore operations
The sale of RSA’s businesses in Hong Kong and Singapore to the Swiss-based Allied World Assurance Company has been completed.
Slater & Gordon deal a 'vindication' for Quindell's accounting practices
Quindell's non-executive chairman David Currie said that the sale of the claims outsourcer's professional services division "vindicates" some of the findings of a PWC investigation into the company's accounting practices.
Quindell directors to resign after sale of professional services arm
Quindell CEO Robert Fielding will move to Australian law firm Slater & Gordon following the sale of the claims outsourcer’s professional services arm.
Korean bank KB Financial buys GI insurer LIG
KB Financial, South Korea's second largest bank, is to buy general insurer LIG Insurance for 645bn won (£395m).
Gallagher pursues action against Ross, Mugge and Keey
Arthur J Gallagher is taking legal action against former Gallagher International CEO David Ross.
Devon-based Pavey Group buys Exeter broker
Devon-based Pavey Group has acquired broker Buddens Westinsure to expand its operations in Exeter.