Mergers & acquisitions (M&A)
CVC to acquire D&G in partnership with existing management team
CVC Partners is to acquire household appliance insurer Domestic & General Group in partnership with the existing management team.
UK marine mutuals in merger talks
The North of England P&I Association and Sunderland Marine Mutual Insurance have confirmed they are in talks over a possible merger.
Howden acquires employee benefits and pensions firm
Howden Insurance Brokers, part of Hyperion Insurance Group, has acquired employee benefits consulting and insurance broking service provider Workplace Pension Solutions.
Insurance market is shaping legal M&A agenda
Professional indemnity insurers are shaping the UK legal sector as they influence law firm mergers and acquisitions, according to Nigel Wallis, partner at law firm advisers O’Connors.
Lancashire reveals Cathedral deal
Bermudian insurer and reinsurer Lancashire Holdings has confirmed it is in negotiations to acquire Lloyd’s insurer Cathedral Capital for £266m.
Motor market re-entry to take place in H2 as L&G eyes M&A opportunities
Legal & General’s insurance director has reiterated his intention to initially re-enter the motor market as a distributor and to also consider potential acquisition opportunities.
CVC in exclusive talks over Domestic & General deal
Private equity house CVC is closing in on a deal to acquire home appliance insurer Domestic & General according to reports.
Lark acquires HMT Insurance Brokers
Nearly a year after its management buyout from Groupama, the Lark Group has acquired Surrey-based HMT Insurance Brokers from its founder Howard Thompson.
Sutton Winson swoops for West Sussex-based insurance firm
Sutton Winson has purchased the general insurance business of West Sussex-based Ashby & Nightingale Insurance and Financial Consultants.
Towergate expands in Yorkshire with Elliis Bates acquisiton
Towergate today unveiled the acquisition of Ellis Bates Insurance Brokers and the crane hire portfolio of Senior Wright Insurance Services.
Integration focus cited as Towergate walks away from Giles deal
A combination of pricing and a focus on its own integration are likely to have been factors in Towergate not acquiring Charterhouse's majority stake in Giles, Post understands.
Private Equity: With the same brush
Industry insiders say that a recent report prescribing the pitfalls of private equity backing misrepresents the bigger picture. Are they right? Or is there hope on the horizon?
Am Trust to buy Sagicor Europe
Am Trust Financial Services plans to acquire Sagicor Europe from Sagicor Financial Corporation in a deal worth approximately £57m.
Am Trust agrees £57m deal for Sagicor Europe
Am Trust Financial Services has agreed to acquire Sagicor Europe from Sagicor Financial Corporation for approximately £57m.
AJ Gallagher wins Giles race
US-broker AJ Gallagher has entered into exclusive negotiations with Giles, according to reports, beating off competition from Aon and Towergate.
Fico close on UK fraud deal after ‘bake-off’ success
The vice president of Fico’s global insurance and healthcare practice has revealed that it is close to striking a major deal in the UK counter-fraud space having "blown insurers away" with its latest offering.
AJG tipped as early favourite to complete Giles swoop
Arthur J Gallagher has emerged as an early frontrunner among a pack of brokers looking to secure Charterhouse's majority stake in Giles.
Markerstudy makes Brightside bid after “non-aggressive” 9% stake
Gibraltar-based motor insurer Markerstudy has approached Brightside over a potential takeover, despite the insurer’s chief underwriting officer insisting an earlier purchase of a stake in the firm would be “non-aggressive”.
Canopius acquires Equity's home and PA books and 25% Arista stake
Canopius has purchased Equity Insurance Group’s home and personal accident books as well as a 25% shareholding in Arista Insurance.
Swiss Re confirms it is in merger talks for Admin Re
Swiss Re has confirmed it is in talks over the potential merger of its remaining Admin Re closed life business with Phoenix Group - less than a year after selling the US side of the operation.
The County Group eyes £50m in premiums after JSW deal
The County Group has acquired commercial broker JSW Insurance Services, amid plans to control £50m of written premiums inside the next four years.
Zurich cuts stake in New China Life
Zurich has reduced its stake in New China Life Insurance Company to 9.4%.
Swiss Re confirms Admin Re merger talks
Swiss Re has confirmed it is in talks over the potential merger of its remaining Admin Re closed life business with Phoenix Group - less than a year after selling the US side of the operation.
Q&A: Andy Watson: Happy days
Andy Watson reflects on his short time in charge of Ageas UK and discusses market issues, including the referral fees ban, regulation, telematics and recent job cuts in the sector.