Mergers & acquisitions (M&A)
Green boosts GWP by £2m with twin purchase
Green Insurance Group has completed a double swoop for SME and personal lines Sussex-based brokers T&L Financial and Mayman Financial Services.
Quindell wins uncontested Gotham City libel case
Quindell has announced victory in a libel case against Gotham City after the latter failed to defend claims a research note was defamatory.
Hiscox bolsters events offering with Event Assured acquisition
Hiscox has reached an agreement with Applewell to acquire events insurance provider Event Assured.
Acturis buys German software provider NAFI
Acturis Group has acquired German motor insurance software provider NAFI creating an international group with £40m annual revenues.
Axa bidding for Polish insurance unit, claim reports
Axa has offered between 500m PLN (£94m) and 600m PLN (£113m) for the insurance arm of MBank in Poland, according to reports.
Oval International snapped up by Kaufman Financial Group
HW Kaufman Financial Group has bought Lloyd's broker Oval International which is to return to its original name, Lochain Patrick.
Broking giants tipped for M&A moves as sector looks to follow Gallagher’s lead
Observers say economic recovery is behind several firms adopting new strategies
County Insurance buys Clement Gallagher & Co
County Insurance has purchased the goodwill of Merseyside-based broker Clement Gallagher & Co.
Matthews Daniel purchased by Bureau Veritas
Independent energy claims adjuster Matthews Daniel has been acquired by French inspections expert Bureau Veritas.
Blog: Five insurance narratives worth following for the rest of the year
So far in 2014 we have seen a number of major developments and loose ends seemingly tied up.
Austbrokers racks up 10.5% rise in 2014 after-tax profits
Sydney-based insurance company Austbrokers has chalked up ninth successive year of double-digit earnings growth with a net profit after tax of A$35.5m (£20m) for 2014 (2013: A$32.1m).
Austbrokers swoops for 50% share in risk management consultancy
Sydney-based broking business Austbrokers Holdings has sealed its third acquisition in as many weeks with the purchase of equity in specialist risk management consultancy Risk Strategies.
Indonesia considering foreign investment allowance reduction
Foreign allowance of 80% ownership under threat in Indonesia.
Helvetia shareholders urged to support Nationale Suisse takeover bid
Shareholders of Swiss insurance company Helvetia have been summoned to an extraordinary shareholders meeting where they will decide on the capital increase required for the takeover of Nationale Suisse.
Telematics M&As tipped to hit peak as Admiral mulls Insure the Box purchase
Rumoured deal follows those involving Wunelli and Ingenie in recent months.
Compre expands German footprint with HIR acquisition
Reinsurance legacy specialist Compre has completed the acquisition of Hamburger Internationale Rückversicherung from Tawa after obtaining approval from German regulator BaFin.
Swinton acquires books of business from Welsh broker
Swinton has acquired the commercial and personal lines books of Welsh broker EW Southall Insurance and Estate Agents.
BP Marsh acquires 5% stake in Nexus Underwriting for £1.55m
Niche capital venture provider BP Marsh & Partners has snapped up a 5% shareholding in managing general agent Nexus Underwriting Management for £1.55m.
Henderson quadruples risk management unit with CRS buy
Henderson Insurance Brokers has swooped for Staffordshire-based Corporate Risk Systems, substantially bolstering its risk management and training practice.
Integro acquires film broker Stonehouse Conseillers
Integro has further expanded its entertainment practice with a deal to acquire London-based broker Stonehouse Conseillers.
L&G GI profits slump in H1 as attention turns to bolt-on acquisitions
Legal & General has attributed weather claims totalling £12m in the first quarter of 2014 for a slump in the general insurance division’s operating profit to £28m in the first half of the year (H1 2013: £39m).
Interview: Christian Hinsch and Richard Taylor: a winning strategy
HDI Gerling’s chairman Christian Hinsch and UK managing director Richard Taylor tell Post their firm is entering a new phase in its evolution – and reveal what they’ve learnt from the German World Cup-winning football team
Chase Templeton continues growth strategy with three new deals
Private medical insurance group Chase Templeton has secure an additional £4.2m in annual premium income after completing three new deals.
Sale of DLG's international units not set in stone, claims Geddes
Direct Line Group chief executive Paul Geddes has denied the sale of the insurer's Italian and German operations is a foregone conclusion, despite talks on offloading the international divisions gathering momentum.