The transfer of commercial business from LV to Allianz will take place on 20 September, the company confirmed.
It’s that time of year again. The trains are relatively empty, and out of office replies are basically a given.
Exclusive: Saga is looking to divest its interest in bike broker Bennetts, with Ardonagh touted as one of the potential suitors.
Lloyd’s brokers Lonmar and Ropner will merge at the end of the month under the Lonmar brand.
ICB Group joins Finch as part of the Verlingue Group, effective from today.
GRP has acquired a majority stake in DCJ Group Insurance and Risk Management, for an undisclosed sum.
Bupa has acquired nine dental practices, bringing the total number of sites acquired so far this year to 14.
Ageas Group claims to have had “no indication of concrete interest” of a takeover bid from Fosun, despite reports that the Chinese multinational is eyeing the insurer.
GRP-backed County Group has acquired a Wigan-based commercial broker as part of a plan to double its size.
South Essex Insurance Brokers Insurance Brokers has taken over £250,000 in gross written premiums from equine insurance broker Equicover’s portfolio.
Exclusive: Short-term insurance specialist Tempcover is actively looking for acquisition targets, and views the insurtech sector as a potentially lucrative hunting ground.
It’s been a week for sore heads, with England crashing out of the World Cup on Wednesday. Fortunately, with the industry keeping us so busy, there hasn’t been much time to ruminate on the pain.
Fairfax Financial Holdings, the parent of Advent Capital Holdings and Brit, is planning to merge some of their Lloyd’s business and place the rest into run-off.
Credit has been underperforming equities and Puneet Sharma, managing director at Zurich, believes this warrants a rethink of portfolio positioning.
XL will rebrand as Axa XL and combine all its property & casualty business and specialty risks into the new entity.
With reports suggesting that CEO Oliver Baete has a big ticket acquisition in mind, rumours have been circulating that Allianz could look to hoover up one of the larger players in the UK market.
Liberty Specialty Markets has entered into a renewal rights agreement with Ironshore Europe to take on its European non-merger & acquisition business and staff.
Ardonagh Group owners Highbridge Principal Strategies and Madison Dearborn Partners have bought fee protection insurance provider PFP from failed carrier CBL.
Consolidator PIB has bought broker Wheatley Wright, its second acquisition to be announced in three days.
Directors and officers are coming under ever closer scrutiny as pressure is mounting to comply with gender, cyber and environmental requirements, explains Catherina MacCabe, head of the International Management Liability focus group at Beazley.
Aviva and GRP’s split rekindles the consolidator commission debate