Mergers & acquisitions (M&A)
Bluefin acquires Scottish PI broker
Bluefin has acquired independent Edinburgh-based broker P I Brokers for an undisclosed sum.
Watson to remain as Canopius CEO ahead of Sompo-backed M&A activity
Canopius chairman Michael Watson will not look to replace outgoing chief executive Inga Beale and will instead occupy the role himself on a permanent basis as he eyes acquisition opportunities under the ownership of NKSJ Holdings’ Sompo Japan.
Hiscox merges UK & Ireland and Europe businesses
Hiscox is to merge its UK and Ireland business and its European operation into one unit entitled Hiscox UK and Europe.
External candidate expected to replace Lee at RSA as sale speculation mounts
Analysts say firm could seek to raise capital by selling international operations
Sompo agrees deal for Canopius
Japan’s NKSJ Holdings has agreed a deal to acquire 100% of the shares of Canopius Group via its insurance subsidiary Sompo Japan Insurance.
Gallagher acquires Bergvall Marine
Arthur J. Gallagher has acquired Norway-based marine broker Bergvall Marine for an undisclosed fee.
Novae plays down speculation of imminent Antares deal
Novae has attempted to pour cold water on speculation linking the firm with a bid for fellow Lloyd’s player Antares by stating that “there is no certainty” of a deal taking place.
Truell bolsters GI presence with stake in 'game changing' tech business
City financier Edmund Truell has acquired a significant minority stake in technology business Regulatory Efficiency Gains, which he believes will “completely change” the way the insurance market operates.
IAG buys Wesfarmers' underwriting arms
Insurance Australia Group has bought conglomerate Wesfarmers' underwriting operations for A$1.85bn (£1bn) subject to regulatory approval.
Sompo Japan in talks to buy Canopius
Japanese general insurer Sompo Japan is in advanced talks to buy Lloyd's insurance group Canopius for around £600m ($970m).
Leeds-based fraud investigator AGS Risk Solutions bought by Insight
Claims investigation company Insight has acquired Leeds-based fraud and financial crime investigations provider AGS Risk Solutions.
Adjusters sceptical over ‘organic growth’ plans after Davies seals Garwyn deal
Sources say Davies CEO Saulter’s background points to further M&A activity.
Howden expands Nordic footprint with deal for Finnish broker
Howden Broking Group has acquired of a majority share in Finnish broker Colemont Finland Oy from AmWins subsidiary Colemont Global Group.
C-Suite: Bad news for insolvency businesses
There are almost no areas of our business where we hope that growth tails off in the coming months.
Jelf CEO not averse to more M&A activity despite organic investment
Jelf Group chief executive Alex Alway has vowed to continue to invest in organic growth within the insurance broking division, despite the successful integration of The Insurance Partnership contributing to an uptick in 2013 revenues.
Saulter pledges organic growth focus after Garwyn buy
Davies chief executive Dan Saulter says his business will focus on growing through contract wins and recruitment rather than acquisition after it today sealed a deal to acquire Garwyn.
Higos expands footprint with John Morgan acquisition
High street broker Higos Insurance Services has expanded its footprint with the acquisition of John Morgan Insurance Consultants in Dorset.
Brokerbility gains controlling interest in Broker Tech
Independent broker network Brokerbility has acquired 100% of the share capital of Broker Tech, the Maidstone based software solutions provider.
Ex-Benfield CEO to take on Aon with Capsicum 'challenger brand'
Arthur J Gallagher’s entrepreneurial approach to business was a major factor in Grahame Chilton's decision to partner his reinsurance intermediary business Capsicum Re with the broker, he has told Post.
Oval in exclusive talks over sale of financial sevices division
Oval has entered into a period of exclusivity with a national financial advisory firm with a view to concluding a sale of Oval Financial Services in early 2014.
Towergate confirms Footman James acquisition
Towergate Insurance has confirmed the completion of the Footman James acquisition.
Kiln and Tokio Marine Europe join forces
Kiln and Tokio Marine Europe have merged to form one insurer called Tokio Marine Kiln Group.
Towergate acquisition of Footman James complete
Aon Risk Solutions has completed the sale of niche motor broker Footman James to Towergate.
Ironshore Australia and Inter Hanover announce M&A agreement
Ironshore Australia has reached an agency agreement with Inter Hanover for M&A insurance business primarily emanating from Australia and New Zealand.