Mergers & acquisitions (M&A)
Aviva sells Turkish GI business to PE consortium
Aviva has sold its Turkish general insurance business Aviva Sigorta A.Ş, to a private equity consortium led by EMF Capital Partners.
LAS COO Dunworth resigns days after Innovation Group buy
LAS chief operating officer Max Dunworth is to depart the business later this year, Post can reveal.
CMS report highlights surge in warranty and indemnity M&A activity
Warranty and indemnity insurance is becoming a prominent feature of mergers and acquisitions activity in Europe, according to a study conducted by international law firm CMS Cameron McKenna.
Howden to acquire Colombian reinsurance broker
Howden has completed a deal to acquire a Bogota-based reinsurance broker, pending regulatory approval.
Towergate acquires four regional broking operations
Towergate chief executive Mark Hodges has heralded continued “acquisition momentum” in 2014 after agreeing deals to take on four regional broking businesses.
Allianz agrees asset deal with Italian insurer Unipol Sai
Allianz is to buy part of Italian insurer Unipol Sai Assicurazioni’s property and casualty business in a deal worth up to €440m (£367m).
Swinton Commercial acquires Cleethorpes-based consultant
Swinton Commercial has purchased Cleethorpes-based CH Turner Insurance Consultants.
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.