Mergers & acquisitions (M&A)
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.
Giles acquisition to be completed in November
Arthur J Gallagher will complete the Giles acquisition in early November, after originally anticipating the £233m deal could be completed this month.
Hyperion acquires US underwriting agency
Hyperion Insurance Group has acquired PGI Commercial through its subsidiary Dual.
RSA stock boosted by takeover rumours
Rumours of a buyout at RSA have seen the insurer’s share price climb 3.1p yesterday, reaching a high of £1.27 at the close of business on the London Stock Exchange.
Towers Watson research finds 70% of global insurers considering M&As
International insurers are regaining their appetite for mergers and acquisitions, according to a Towers Watson and Mergermarket survey of senior insurance M&A executives.
Be Valued acquires Allied Carpets claims business
Home Flooring Solutions, a claims spin off from Allied Carpets, has been saved from administration after being purchased by Be Valued, Post can reveal.
Roundtable: Legacy systems: Knowing when to move on
How can insurers improve their approach towards the daunting but essential task of keeping their IT platforms up to date?
Ageas given High Court approval to transfer Groupama covers
Ageas has received approval for the formal transfer of all Groupama business to its Optima and Exclusively brands from the end of October.
Doodson Broking acquired by Integro
Manchester based Doodson Broking Group has been purchased by Integro. Terms of the acquisition have not been disclosed.
Europe: Turkish delight
Has Turkey got what it takes to be the next big thing in insurance? Francesca Nyman investigates.
Talk of Expectrum shareholder action group rubbished by market insiders
Shareholders unlikely to receive payouts from Giles sale to Gallagher.
Legal Market: Joining forces
Mergers and acquisitions in legal markets show no sign of abating. But what is behind the desire to consolidate law firms, and what does it mean for the insurance industry?
C-Suite: Get the growth message right
News that the International Monetary Fund has raised the UK’s economic growth forecast from 0.7% to 0.9% for this year has contributed to a growing cautious optimism about the nation’s future.
UK IFAs say increased insurance sector M&A likely
Results from a survey of more than 170 UK independent financial advisors show 87% of respondents consider more mergers and acquisitions in the insurance sector to 2018 are likely.
IFAs say increased insurance sector M&A likely
Results from a survey of more than 170 UK independent financial advisors show 87% of respondents consider more mergers and acquisitions in the insurance sector to 2018 are likely.