Mergers & acquisitions (M&A)
Broker Consolidation: When two become one
Merger and acquisition activity in the broker sector is set to continue in 2015. What are the potential pitfalls and how can they be avoided?
Novae tipped as next listed player to be sold as Lloyd's consolidation hots up
Pressure on profitability in the Lloyd’s market has been cited among the main drivers for consolidation by analysts, with Novae tipped to become the latest listed player to be snapped up.
Competition watchdog approves Esure's Go Compare purchase
The Competition and Markets Authority has approved Esure's proposed £95m acquisition of the remaining 50% share of aggregator Go Compare with the deal expected to complete on 31 March.
Who killed Lucy Beale has nothing on AJ Gallagher - Towergate for soapy intrigue
It is amazing how often words come back to haunt people.
Charles Taylor announces double acquisition
Charles Taylor has announced two acquisitions from the Standard Club; a 50.1% stake of Almond One and a 100% stake of Almond Two.
Fairfax launches equity financing after Brit offer
Fairfax Financial Holdings has launched a C$650m (£337m) equity financing in light of the positive impact of its recommended cash offer for specialist insurer Brit on 17 February.
Arthur J Gallagher buys Cohn Financial Group
Arthur J Gallagher has acquired Cohn Financial Group, an Arizona-based private placement life insurance distributor, for an undisclosed amount.
RSA sells holding in Indian insurer
RSA has sold its 26% stake in Indian insurer Royal Sundaram Alliance Insurance Company to Sundaram Finance, its joint venture partner.
Q&A Theo Duchen and David McDonald: From Nairobi to Nottingham
Co-founders of Acturis Theo Duchen and David McDonald reveal how their recent acquisitions tie into their wider plan for international expansion
Towergate restructuring deal expected to conclude in March
The consensual restructuring agreement between Towergate’s senior secured and senior unsecured lenders has received binding agreement from more than 75% of both sets of creditors by value.
Clear Insurance Management acquires Hibbert
Independent broker Clear Insurance Management has snapped up J H Hibbert.
Davies builds Irish footprint with Associated acquisition
Davies Group has acquired Irish loss adjusting and claims management business Associated Loss Adjusters.
Dutch group sells insurance arm to Chinese insurer
SNS Reaal, a troubled Dutch government owned bank and insurer, has agreed to sell its insurance arm to Anbang Insurance.
JLT sells 26.2% stake in French associate
Jardine Lloyd Thompson Group has sold its 26.2% stake in Milestone, the holding company of Siaci St Honoré, the broker's French Associate.
Helios acquires Lloyd's vehicle Nameco
Helios Underwriting has acquired Lloyd's limited liability member Nameco for £800,000 in cash.
Ten looks back at the past decade
The financial crisis, broker consolidation and the rise of e-trading - Ten's Malcolm Lee looks back at the years since the company opened its doors
Blog: Can Towergate really wait a year for Ross to join as CEO?
What a week. But are we still really any clearer about David Ross’s appointment as CEO of Towergate Group?
Gallagher warned to batten down the hatches as Ross targets Towergate turnaround
David Ross’s success as Towergate CEO will hinge on the nature of the executive team he is able to assemble, according to market insiders, who have suggested Arthur J Gallagher International should brace itself for a raid on senior staff.
Towergate's Lyons hails creditor deal as ‘vote of confidence’ in the broker
Alastair Lyons, Towergate interim CEO, has hailed the deal reached with secured and unsecured creditors as “a vote of confidence” in Towergate and its future strategic plans.
Towergate confirms unsecured bondholders to purchase majority share
Towergate has confirmed that it has reached an agreement to be acquired by its senior unsecured creditors.
Towergate approves creditor takeover
Towergate has formally agreed a deal with its bondholders that will see the company taken over by its unsecured creditors, according to a Reuters report.
Pen Underwriting acquires Evolution
Pen Underwriting has bought Kent-based Evolution Underwriting Group for an undisclosed amount.
Nationale Suisse sells Belgian subsidiaries
Nationale Suisse has agreed to sell its subsidiary National Suisse Belgium and two underwriting agencies as part of its planned withdrawal from the Belgian market.
Willis and Miller merger a ‘tragedy’, says Gallagher boss Ross
Willis’ planned acquisition of Miller has been labelled "a tragedy" for the market by Arthur J Gallagher International CEO David Ross.