Mergers & acquisitions (M&A)
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.
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.