Mergers & acquisitions (M&A)
FP Marine buys rival broker in Hong Kong
FP Marine Risks, which is 55% owned by Hyperion, is in advanced negotiations to acquire the assets and staff of Risk Exchange a marine broker also based in Hong Kong.
Bluefin grows sports, commercial units with double purchase
Bluefin has swooped for two brokers, adding to its sports and commercial divisions.
Chase Templeton acquires Health Assist
Medical insurance specialist Chase Templeton has purchased Kenilworth-based business Health Assist.
Mergers & Acquisitions: Buying with Confidence
2013 saw a rise in the number of mergers and acquisitions deals in the general insurance sector. Is this trend likely to continue, and where will firms look to grow their businesses?
Jelf brings Riverside into the fold following acquisition
Jelf Insurance Brokers chief executive Phil Barton has welcomed Purple Partnership member Riverside Insurance Brokers’ decision to “take the next step” and join Jelf following the acquisition of the Kent-based business.
Beaumonts acquires E Farley & Son
Independent broker Beaumonts has acquired Bradford based broker E Farley & Son.
Hiscox announces Direct Asia acquisition
Hiscox has acquired Singapore-headquartered Whittington Group’s online business DirectAsia, subject to regulatory approval.
Henry heads Marsh's Scottish business following Central takeover
takes helm of Marsh in Scotland following Central takeover
Lancashire must convince investors of merits of Cathedral takeover
Bermudian insurer Lancashire must work hard to persuade investors of the merits of its Cathedral acquisition, following a lower than expected dividend pay-out to investors, according to Westhouse Securities.
AJG broadens footprint in Latin America with shareholding in JAO
Arthur J Gallagher has deepened its investment in the Latin American insurance market by purchasing a majority shareholding in Peruvian reinsurance specialist JAO & Partners, in partnership with Mexican broker Grupo CP.
'Loss adjusting' will drift away says Innovation Group boss
After sealing a £35m deal to acquire LAS, Innovation Group chief executive Andy Roberts has forecast the demise of loss adjusting as terminology.
Kiln buys 49% of Lloyd’s cyber coverholder NAS
Kiln has purchased a 49% stake in NAS Insurance, one of the largest cyber producers in the Lloyd’s market.
Callcredit acquired by Chicago-based PE firm
Software and analytics provider Callcredit Information Group has been acquired by Chicago-based private equity firm GTCR.
LAS agrees £35m Innovation Group sale
Innovation Group has agreed the £35m acquisition of LAS Claims Management, while also announcing a substantial expansion of its motor claims business.
Qatar Insurance Company buys Antares
Qatar Insurance Company is to enter the London market following the acquisition of the entire share capital of specialist insurer and reinsurer Antares.
Interview: Dan Saulter: Hitting the ground running
When Dan Saulter was announced as chief executive at Davies, many in the market were surprised. He explains why he is the right man for the job and why the recent swathe of storms held no fears for him.
Giles and Bollinger deals forecast to cost Gallagher up to £17m through 2014
US broker Arthur J Gallagher is set to pay an estimated £17m in integration costs through this year following the acquisitions of Giles and Bollinger in 2013.
Octo buyer to utilise telematics nous to penetrate Russian market
Renova Group is hoping to penetrate the Russian insurance market by tapping into telematics technology following its acquisition of Octo Telematics in a deal that is reported to be worth €408 million (£249m).
ANV eyes Lloyd’s expansion as it diversifies from marine business
ANV is looking to grow its presence in the Lloyd’s market and is actively engaged in acquisition talks, chief executive Matt Fairfield has told Post.
Tracker to explore European expansion as DLG agrees terms with Lysanda
Direct Line Group has completed the sale of stolen vehicle recovery and fleet tracking telematics provider Tracker to Lysanda.
Vienna Insurance acquires Moldovan insurer
Vienna Insurance Group has inked a deal to acquire a 94% stake of Moldovan insurer Donaris Group.
Quindell set to acquire remainder of Ingenie
Outsourcing provider Quindell has agreed a deal to acquire the remaining shares in telematics firm Ingenie.
Swinton Commercial acquires Welsh intermediary's GI book
Swinton Commercial has acquired the general insurance book of Welsh intermediary Anderson Insurance Services.
North England P&I to merge with Sunderland Marine Mutual
North of England P&I and Sunderland Marine Mutual Insurance look set to create a P&I giant after members agreed to merge.