Mergers & acquisitions (M&A)
Liberty Insurance acquires Northern Ireland broker Hughes
Liberty Insurance has acquired Northern Ireland broker Hughes Insurance, according to Post's sister publication Insurance Age.
C-Suite - Broker: The equation for M&A success
Success, like genius, is both inspiration and perspiration. And while Thomas Edison believed genius to be 1% the former and 99% the latter, whether the balance is the same in success is perhaps a matter of debate.
Fosun eyes stake in South Korea insurer
Chinese conglomerate Fosun has joined the race for a minority stake in South Korean property and casualty insurer LIG.
Europe: M&A activity set to pick up?
Edmund Tirbutt investigates what is behind the current decline in merger and acquisition activity on the Continent, and looks at what the future could hold for deals
ULR Additions sold to claims investment group
Legal expenses provider ULR Additions has been sold by founders Alan and Birgitt Macalister to an investment group specialising in claims management firms, Post can reveal.
BP Marsh eyes start-up opportunities
The current tough environment for brokers could create significant investment opportunities for venture capital firms, according to BP Marsh chairman Brian Marsh.
A-Plan's PE owners planning sale, states report
Retail broker A-Plan is gearing up for a £300m sale, according to Sky News.
C-Suite - Broker: What makes a good acquisition?
The past 12 months have been a busy period for merger and acquisition activity across the insurance sector – an encouraging reminder that our industry remains as dynamic as ever, with businesses continuing to execute ambitious growth strategies as they…
Capital Z deal tees up potential acquisitions as BMS is renamed Minova
BMS Associates has been renamed Minova Insurance following the completion of £30m of investment by private equity firm Capital Z.
Lockton snaps up Motorsport specialist
Broker Lockton has completed the acquisition of Leeds-based motorsport broker, MIS Motorsport.
RSA's strategic partners to have big say in future of Asia division
RSA has conceded that the potential sale of its Asia division will depend partly on whether strategic partners in the region believe a disposal of the non-core business is the correct move.
Willis strengthens Swedish operation with £121m acquisition
Willis Group has paid $205m (£121m) to acquire a controlling stake of approximately 75% in Swedish employee benefits advisor Max Matthiessen.
Europe: W&I insurance
Despite M&A activity being on the wane thanks to the recession, a new player is emerging in the form of W&I insurance
Gallagher subsidiary to become captive giant following HIM deal
Artex Risk Solutions has tied up its first acquisition outside of North America in the form of the specialist captive and insurance management arm of Guernsey-headquartered Heritage Group.
Schemes growth targeted by One Broker following latest purchase
One Broker has set its sights bolstering its presence in the schemes arena following the acquisition of Cambridge-based N W Brown Insurance Brokers.
Lexis Nexis buys telematics provider Wunelli
Lexis Nexis has acquired telematics provider Wunelli, a deal that will result in one of the largest provider-held insurance telematics databases in the world.
NKSJ deal sees Canopius split marine and energy unit
Canopius has separated its existing marine and energy unit into two dedicated divisions as part of a move designed to maximise the growth opportunities following the firms acquisition by Japanese insurer NKSJ.
Innovation Group pre tax profits down 29%
Claims specialist Innovation Group has unveiled a hefty slump in pre-tax profits for the six months to 31 March.
Crawford tipped for Buckley Scott deal
Loss adjusting giant Crawford is looking to grow its construction and engineering presence through acquisition, with Lancashire-based Buckley Scott hotly tipped as a target.
Charles Taylor expands UK regional footprint with Knowles Loss Adjusters buy
Charles Taylor Adjusting has completed a deal to acquire property and casualty claims specialist Knowles Loss Adjusters.
Towergate boss Nathan unconcerned by plummeting Arista profits
Towergate Underwriting chief executive Clive Nathan has downplayed the implications of falling profits at newly acquired Arista by claiming the slump relates to the managing general agent’s decision to re-underwrite its motor book.
Broking M&A boom predicted as private equity appetite grows
Report reveals UK dominance of European insurance deals
Brit chalks up marginal GWP growth in Q1
Growth of 8.2% within Brit’s direct business contributed to group-wide gross written premium of £336.5m in the opening three months of the year (Q1 2013: £332.6m).
Brit snaps up renewal rights to QBE's aviation business
Brit has reached an agreement to acquire the renewal rights to QBE’s London-based dedicated Lloyd’s aviation business.