Mergers & acquisitions (M&A)
Ana Cap completes Brightside acquisition
European private equity firm Ana Cap Financial Partners has completed its acquisition of broker Brightside Group.
ULR CEO departs one month after Cardamon sale
The chief executive of legal expenses provider ULR Additions has departed the firm just over one month after it was sold to claims investment group 116 Cardamon.
IRS purchase will see Lark surpass £26m of annual revenues
Lark Group has moved to boost its annual revenues to more than £26m with the acquisition of Suffolk-based commercial broker Insurance Risk Solutions.
Hg Capital buys Lloyd's software provider Sequel
Private Equity firm Hg Capital has acquired Sequel Business Solutions, a software and services provider to the Lloyd's and London market, in partnership with the Sequel management team.
Helios grows underwriting capacity with Dumasco buy
Helios Underwriting has acquired Lloyd's limited liability member Dumasco for £2.5m.
Broker Exit Strategies: Employees hold key to exit strategies
Eventual sale is no longer an easy way out for SME brokers looking for an exit strategy – instead, they are turning to employee ownership as an option
Switzerland's Helvetia and Nationale Suisse to merge
Helvetia and Nationale Suisse have agreed the terms of a merger, which will see them create a new Swiss insurance group.
Ace acquires Brazilian P&C insurer
Global insurer Ace has agreed to acquire the large corporate property and casualty business of Brazil-based Itaú Seguros from Itaú Unibanco for approximately $685m. Upon completion of the transaction, Ace will be the largest commercial P&C insurer in…
Xchanging acquires insurance software business Total Objects
Business process and technology services provider Xchanging has agreed to acquire 100% of insurance software business, Total Objects, for a potential total cash consideration of up to £21m.
CGSC launches LatAm wholesale insurance broking expansion
Independent wholesale broker Cooper Gay Swett & Crawford is to expand its Swett & Crawford wholesale broking business into the Latin American market.
Zurich sells Russian retail business to OLMA Group
Zurich has agreed to sell its Russian retail business to investment firm OLMA Group, but will retain its Russian corporate business.
RSA to sell Chinese arm to Swiss Re for £71m
RSA Insurance Group has agreed a deal to sell Sun Alliance Insurance (China) to Swiss Re Corporate Solution.
Samsung Fire & Marine eyes China expansion
Samsung Fire & Marine Company is in talks with Chinese firms to establish a marine insurance company in the country, according to local news reports.
JLT acquires stake in Sunidhi Group broking subsidiary
Jardine Lloyd Thompson has completed the acquisition of a 26% shareholding in Independent Insurance Brokers Private, the Mumbai and Chennai-based insurance and reinsurance broking subsidiary of Indian financial services business Sunidhi Group.
C-Suite - Broker: Where next for broker consolidation?
Despite a considerable amount of consolidation over the past year, we still have a very fragmented broker market, with around 3300 brokers operating in the UK.
Swinton buys book of business from Barnstaple broker
Swinton has acquired the commercial and personal lines book of business of Barnstaple-based broker Money Matters.
Cunningham Lindsey agrees to sell Corpore to The Treatment Network
Cunningham Lindsey has agreed to sell its rehabilitation and absence management business, Corpore, to independent rehabilitation group The Treatment Network for an undisclosed fee.
Brunel appoints Ladkin as non-executive chairman
Brunel Professional Risks has appointed Chris Ladkin as non-executive chairman as it sets its sights on becoming one of the UK’s largest independent brokers.
Sportscover and Haverford end sale talks
Acquisition talks between Sportscover and financial services company Haverford have ended with both parties expressing disappointment no deal was agreed.
QIC completes Antares buy
Qatar Insurance Company has completed its acquisition of Lloyd’s insurer and reinsurer Antares, including regulatory approvals.
Munich Re's general insurance arm buys in Singapore
Ergo, a wholly owned subsidiary of Munich Re, has bought property and casualty insurer SHC Insurance for €66m ($90m).
Europe: Russian Evolutions
Sberbank Strakhovanie looks set to become the leader of the Russian insurance market, Ingosstrakh and Alliance Zhizn change their management and Sogaz avoids US sanctions
Ana Cap ties up deal for French broker Assur One
European financial services private equity firm Ana Cap has teamed up with company management to complete the buyout of French digital insurance broker Assur One Group.
Vodafone to acquire Italian telematics firm Cobra
Vodafone has launched a voluntary offer to acquire Italian telematics firm Cobra Automotive Technologies at €1.49 (£1.18) per share valuing the company at €145m.