Mergers & acquisitions (M&A)
JLT acquires South African broker Eluleka
Jardine Lloyd Thompson Group has acquired South African employee benefits and healthcare broker and consultant Eluleka Consulting.
Hellman & Friedman picks up Applied Systems in $1.8bn deal
Private equity backer Hellman & Friedman has completed a $1.8bn deal to acquire Applied Systems, the software house behind Insurecom.
Aviva’s attempt at asbestos exit fueled by increased long-term claims certainty
Firm’s plan to offload rumoured £1bn book linked to overall restructuring,
Aetna acquires the Interglobal Group
Aetna has acquired Interglobal Group, which specialises in private medical insurance for groups and individuals in the Middle East, Asia, Africa and Europe.
Manchester Underwriting acquires Senior Wright Indemnity
Specialist MGA Manchester Underwriting has inked a deal to purchase Lloyd’s broker Senior Writing Indemnity.
Europe: Driving up M&A activity
Following the spectacular rise in value of merger and acquisitions in the European insurance sector during the first half of the year, Edward Murray looks the drivers behind the increase in activity.
Gallagher raising $200m for acquisitions
Arthur J Gallagher has revealed plans to generate up to $200m of cash through a stock sale announced last night.
Generali sells Fata Danni to Cattolica for €179m
Italian insurer Generali has agreed to sell its agricultural risks business Fata Assicurazioni Danni to Cattolica for €179m (£149m).
Markerstudy touted as saviour for Capita broking businesses
Brightside deal could still go ahead despite acquisitions.
Editor's comment: Sticking to the knitting
Sometimes you just need to stick to what you know best, a point proved by Capita this week when it sold ailing insurance businesses BDML, Lancaster, Sureterm and Delta to Markerstudy for an undisclosed sum.
NMB chairman appointed CEO of Cooper Gay
Reinsurance broker Cooper Gay & Co has appointed Gordon Newman as chief executive officer with immediate effect.
Markerstudy acquires Capita insurance businesses as Pindar steps down as CEO
Capita has announced the sale of BDML, Lancaster, Sureterm and Delta to Markerstudy for an undisclosed sum as chief executive Paul Pindar announces his departure from the outsourcing company.
Aviva to sell stake in Italian insurer Eurovita
Aviva is selling its 39% stake in Italian insurer Eurovita Assicurazioni to JC Flowers for €33m (£27m).
Aviva to sell stake in Italian insurer Eurovita
Aviva is selling its 39% stake in Italian insurer Eurovita Assicurazioni to JC Flowers for €33m (£27m).
Quindell plans two major insurer deals in next six months
Outsourcing firm Quindell expects to announce at ‘least two major new clients’ in the next six months along with increasing the volume of business with three of its existing clients.
McManus named CEO of UK retail at Gallagher
Former Giles chief executive Brendan McManus has been appointed CEO of UK retail at Arthur J Gallagher following the official completion of the £233m acquisition of the Giles business.
Aon 'in talks' with Towergate over Footman James sale
Aon is in "advanced talks" with Towergate over the sale of classic car and motorcycle broker Footman James.
RSA’s Lee facing ‘personal crisis’ amid share price drop and future uncertainty
Simon Lee’s position as RSA group chief executive is under threat following a week that saw the insurer issue two profit warnings, which triggered a share price plummet, market insiders have claimed.
Howden acquires Israeli broker
Howden Broking Group, part of the Hyperion Insuranec Group, has acquired Israeli insurance broker Bar-Ziv Ravid Insurance Group.
Groupama and Ageas complete part VII transfer
Groupama has transferred 1.5 million policies and net assets of £160m to Ageas via a Part VII insurance business transfer.
Beazley launches small transactions cover
Beazley has launched a type of insurance coverage aimed at the smaller deals which are typically not underwritten by most insurers.
JLT expands specialty international reach
JLT has acquired a marine specialty broker based in the Netherlands and invested in a Dubai-based broker,in a bid to expand its international reach.
Additional funds at the ready for consolidator ahead of London market splurge
The founder of London market consolidation business Global Risk Partners has set his sights on tying up a string of deals for businesses with revenues between £1m and £50m in the coming months.
Towergate to re-focus on M&A following sale of 'non-core' underwriting business
Towergate chief executive Mark Hodges has insisted that acquisitions remain central to his firm’s growth strategy, despite the £9.25m sale of Towergate Underwriting’s commercial property business to Global Risk Partners.