Mergers & acquisitions (M&A)
Lancashire shareholders back Cathedral buy
A £266m acquisition of Cathedral Capital looks set to go ahead after shareholders of Lancashire Group voted overwhelmingly in favour of the deal.
Charles Taylor snaps up business solutions provider Knowledge Center
Charles Taylor is seeking a competitive advantage on technology products and processes after acquiring insurance industry business solutions provider Knowledge Center.
Fosun eyes state-owned Portuguese insurer
Chinese conglomerate Fosun which owns the majority of Peak Re reinsurer has been shortlisted as one of five potential buyers of the largest insurer in Portugal.
Gallagher targeting top three UK retail berth after Giles deal
The £223m purchase of Giles by US broker Arthur J Gallagher will convert the latter into one of the UK’s largest regional retail brokers according to UK commercial director Janice Deakin.
Hastings and Co-op plan for future as major investment deals mooted
Hastings’ sale of a stake in the business to Goldman Sachs may herald an era of more aggressive management, according to analysts.
Munich Re buys Renaissance's energy risk management division
Munich Re has agreed to acquire RenaissanceRe’s weather and weather-related energy risk management division RenRe Energy Advisors.
Willis in bid to acquire Towers Watson
Willis is said to be in the race of acquiring Towers Watson’s reinsurance arm, according to reports.
Ashgrove acquires Manchester-based broker
Ashgrove Insurance has bought Manchester-based broker Lloyd Howard Insurance Services.
Charles Taylor expands Middle Eastern operations
Charles Taylor has acquired a stake in Saudi Arabian loss adjuster Noble Inspection and Loss Adjustment Company.
Kennedys and Simpson & Marwick to merge
Law firms Kennedys and Simpson & Marwick will merge on 1 November.
R&Q acquires Woodcroft Insurance
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Guernsey domiciled captive insurer Woodcroft Insurance Company.
R&Q acquires Woodcroft Insurance
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Guernsey domiciled captive insurer Woodcroft Insurance Company.
Two acquisitions announced for Thistle
Thistle Insurance Services has acquired E-warranty and Risk Management Support adding warranty and product protection to its services.
Interview: Mark Cloutier: Maintaining momentum
After restructuring last year, Brit has posted impressive results for the first half of 2013 – and chief executive Mark Cloutier insists the firm is on the right track to becoming top dog at Lloyd’s
Davies and Garwyn tight-lipped on acquisition rumours
Loss adjusters Davies and Garwyn are refusing to be drawn on growing market speculation of an acquisition, with Davies as the senior partner.
Haste plotting swoop for Co-op's GI business
Former RSA boss Andy Haste has been linked with a private equity bid to buy the general insurance arm of Co-operative Group.
VIG completes integration of former QBE Macedonia
The former QBE Macedonia firm has completed its integration into the Vienna Insurance Group and was renamed as Akcionersko Društvo za Osiguruvanje i Reosiguruvanje Makedonija Skopje.
SGI Law acquires Challinors’ PI portfolio
Liverpool-based SGI Legal has acquired the personal injury caseload of Midlands-based firm Challinors.
View from the Top: The growing foreign appetite for China
Foreign insurers are looking to capitalise on M&A opportunities in China and access the motor insurance market. This follows the removal of restrictions to write compulsory third party liability insurance. The motor insurance segment comprises over 70%…
Hannover Re enters talks to buy Heidelberger Leben
Hannover Re is poised to buy Lloyds banking group’s German insurance arm for a fee of €400m, according to media reports.
Wesleyan strengthens dental market presence with Practice Plan take-over
Wesleyan Assurance Society has acquired the Practice Plan Group from private equity firm Dunedin.
Insurecom acquired by Applied Systems
UK-based insurance software provider Insurecom has been acquired by Applied Systems for an undisclosed fee.
Interview: Markel's William Stovin: Culture club
Happy with the cultural fit following Markel’s $3.1bn acquisition of Alterra, president and chief operating officer William Stovin is looking to drive the newly merged firm forward.
Month extension for Markerstudy’s Brightside bid
The deadline for a bid by Gibraltar-based motor insurer Markerstudy to take over Brightside has been extended to 10 September, a statement to the London Stock Exchange has confirmed.