Mergers & acquisitions (M&A)
Gable stock price climbs 4% on takeover rumours
Rumours of an imminent takeover have boosted Liechtenstein-domiciled Gable’s share price in trading on the London Stock Exchange.
Kennedys strengthens China presence with Anjie deal
International law firm Kennedys has strengthened its market position in the People’s Republic of China by entering into a co-operation agreement with Chinese law firm Anjie.
Ageas completes £197m sale of Ageas Protect to AIG
Ageas has completed the sale of its 100% shareholding in Ageas Protect Limited to AIG for £197m.
Quindell enters 'exclusivity arrangement' over potential sale
Beleaguered insurance outsourcer Quindell is in talks over the possible disposal of a number of its operating business in order to generate cash.
US private equity firm among parties gearing up for Towergate bid
New York-based private equity firm Apollo is planning a bid for Towergate after purchasing some of the beleaguered brokers senior loans.
Insure The Box sales clears the way for XL takeover of Catlin
Catlin’s sale of Box Innovation Group to Aioi Nissay Dowa clears the way for its own acquisition by XL, although shareholders may need to be placated according to analysts.
Delays with insurer deals hits Towergate's figures as acquisition discussions continue
Towergate has revealed its income fell by 4% in final two months of the year compared with the equivalent period in 2013, with income from acquisitions partly offsetting the decline in organic income.
ITB and Aioi Nissay Dowa are “marriage made in Heaven” says Brockman
The CEO and founder of telematics specialist Insure The Box has described the relationship with its prospective Japanese investment partner as a “marriage made in heaven”.
Stackhouse Poland MBO important ‘to maintain growth momentum’
The private equity backed management-buyout of independent broker Stackhouse Poland will allow the business to maintain its growth momentum but will not be “transformational” according to executive chairman Jeremy Cary.
Catlin agrees to sell Insure The Box stake to Aioi Nissay Dowa
Catlin Group has agreed to sell its stake in Box Innovation Group, to Aioi Nissay Dowa Insurance Company of Europe, a subsidiary of Japanese insurance giant MS & AD.
Helios boosts capacity with Nameco acquisition
Helios Underwriting has agreed to acquire Nameco (No 311), a limited liability member of Lloyd's, for a total consideration of £1m in cash.
RSA sells stake in Thai insurer Syn Mun Kong
RSA has completed the sale of its 21.75% holding in Thailand-based insurer Syn Mun Kong.
Rival bids for Catlin from Asia and US predicted following XL offer
XL Group’s potential acquisition of Catlin has been billed as positive for both parties, although the bid is expected to flush out interest from Asian and US firms targeting a Lloyd's presence, according to analysts.
Ace to acquire Fireman's Fund PL business for £234m
Allianz has agreed to sell its Fireman’s Fund Insurance Company personal lines business in the US to Ace for $365m (£234m) by means of renewal rights arrangement.
Bluefin snaps up Yorkshire broker Marchant McKechnie
Bluefin has bought of East Yorkshire broker Marchant McKechnie, taking its total number of acquisitions for the year to five.
Catlin in 'advanced discussions' to sell Insure the Box
Catlin Group has confirmed it is in advanced negotiations regarding the sale of its interest in Box Innovation Group.
XL Group makes offer for Lloyd's insurer Catlin
Catlin Group has confirmed it has received an approach from XL Group.
Integro snaps up London market bloodstock broker Howard Global
International insurance broker and risk management firm Integro has acquired Howard Global Insurance Services, a Lloyd’s-registered specialty broker.
A-Plan tipped to build branch network in the north following HG backing
The new financial backing secured by A-Plan reflects a vote of confidence in the branch business model, according to market insiders, who have tipped the high-street broker to build a presence outside its southern stronghold.
Plum plots ‘accelerated’ expansion following Global Risk Partners-backed MBO
Specialist household MGA Plum Underwriting has completed a management buyout backed by London Market focussed consolidator Global Risk Partners.
Review of the Year: Broking
Post’s annual review of the broking market gathered thoughts from Ten, Brokability, Yutree, UIB and Arthur J Gallagher to reflect on 2014 and predict what 2015 will bring in terms of regulation and consolidation
Tasker completes Pro Hospitality purchase
Tasker Insurance Group has completed its acquisition of broker Pro Hospitality.
Beaumonts deal over a year in the making, claims Jelf CEO
Jelf and Yorkshire-based Beaumonts Insurance Group were in discussions for more than a year before the terms of the takeover were agreed, group CEO Alex Alway has revealed.
Anbang agrees deal to buy Delta Lloyd Bank Belgium
Chinese financial services company Anbang Insurance has reached an agreement to buy Delta Lloyd Bank Belgium from Dutch financial group Delta Lloyd for €219m.