Hyperion has £300m to spend and around 20 deals in its mergers and acquisitions pipeline, group chief financial officer Mark Craig told Post as the group announced its 2019 results.
180 LV staff faced redundancy as a result of the Allianz commercial business transfers, with around nine in ten (90%) having found roles elsewhere.
Arron Banks-backed Somerset Bridge Insurance Services has sold its commercial insurance subsidiary Business Choice Direct Insurance Services to Somerset-headquartered Lloyd & Whyte Group for an undisclosed sum.
Capsicum Re could seek to expand its presence in the US through acquisitions, Gallagher UK broking and underwriting CEO Simon Matson has said, following the company’s acquisition of the reinsurance broker.
Global Risk Partners has taken a majority stake in the Birrell Group, based in Lutterworth, Leicestershire. The group consists of Kingsway Insurance Services and Bausor Hall Associates.
Gallagher has taken full ownership of reinsurance broker Capsicum Re in a deal that will see its former CEO Grahame Chilton return to the company.
Exclusive: Radius Payment Solutions has made a Crewe-based team within its insurance division redundant as it looks to consolidate its insurance operations in the offices of Sheffield-based Burley Group, which it acquired last year.
Integro has completed the rebrand of its trading names as Tysers, having bought the broker in June 2018.
Pet insurance insurtech Bought By Many has engaged with a number of larger funds as it edges towards a Series C fundraising round in the coming months, CEO Steven Mendel told Post.
Bollington Insurance has bought North-West based broker Ashgrove Insurance Services for an undisclosed sum.
Loss-making GRP, which posted its third consecutive loss last month, acquired ten businesses last year for a total cost of £68.8m.
Managing general agent Optio has bought specialist political-violence and terrorism MGA Newbridge Risk Partners for an undisclosed sum.
Motor broker Sure Thing Insurance Services made a loss of £2.1m in its final year ahead of the sale to Qmetric Group’s Policy Expert last June.
Allianz has completed the purchase of LV general insurance group and the general insurance division of Legal & General, with Mike Crane to head up L&G GI.
Fifteen months ago Claudio Gienal stepped up to the role of CEO of Axa UK and Ireland, but he’s taken his time to reveal his strategy for the firm. He spoke to Stephanie Denton about why clarity, diversity and adding value really matter to him
Sheridan Insurances owner Innovu Group has bought Wexford Insurance Group in Ireland for an undisclosed sum.
Macquarie Group now holds 5.32% of Watchstone Group, according to a stock exchange filing.
Clear CEO Howard Lickens has admitted the broker would be interested in a deal with Brokerbility as speculation swirls that the firm could look to undertake a form of reverse takeover of the network.
Belfast-based Willis Insurance and Risk Management has bought Leeds firm Hale Kavanagh Insurance Brokers for an undisclosed sum.
Kingsbridge is “not currently in a sales process”, CEO James Twining has confirmed to Post.
Global Risk Partners is in discussion with three private equity firms including Searchlight Capital Partners about taking a majority holding in the consolidator, Post can reveal.
PIB has bought credit insurance specialist CMR Insurance Services and health and safety consultancy firm Sue Smith.
Aston Lark has bought Wright Insurance Brokers in Ireland, its second deal in the country having snapped up Dublin-based Robertson Low this January.
As Markel International gears up for more growth across its national markets business and looks to build on its presence in Europe, Jen Frost spoke to Markel International president William Stovin about the history of the business and why Brexit has…