Mergers & acquisitions (M&A)
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.
General Atlantic concludes purchase of Hyperion shares
Hyperion Insurance Group has completed a deal with General Atlantic in which the global growth equity firm acquired around 30% of the group's shares.
Cosmos Services acquires 15% stake in SART
Hong Kong-based broker Cosmos Services has acquired a 15% stake in SART Holdings, the Hong Kong based business of Aquila Underwriting.
Torus unveils new CEO as it is sold to Enstar for $692m
Global specialty insurer Torus has appointed Dermot O’Donohoe as group chief executive officer of Torus Group, in addition to his role as chief executive of Torus International, following the acquisition of the group by Enstar.
CCV completes three regional acquisitions
Callum Capital Ventures has acquired Underwood Insurance Services; Dale Insurance Services and Brighton Insurance (Brokers) Group, bringing the total number made by its parent firm Towergate, to 11 since the start of 2013.
McLarens merges with agriculture specialist
International loss adjuster, McLarens said today it has merged with UK farming specialist Agrical for an undisclosed fee.
Quindell to scale down acquisitions following latest purchase
Quindell Portfolio has outlined its acquisition strategy after revealing the completion of a deal to purchase the React and Recover Medical Group.
Barbican acquires marine broker
Barbican has acquired UK-based marine insurance broker Seacurus.
Marsh continues African expansion with Nigerian broker deal
Marsh has completed its acquisition of Alexander Forbes’ interest in Nigerian insurance broker Femi Johnson & Company.
XL Group appoints casualty underwriting manager Europe, reinsurance
XL Group has hired Valérie Devaux–Piquer as casualty underwriting manager, Europe, reinsurance to replace Dieter Kohl, who retires this summer.
Cooper Gay hires global M&A head
Cooper Gay Swett and Crawford have hired Oliver Homer as global head of mergers and acquisitions, effective 17th June 2013.
CGSC hires KBW vice president Homer as global M&A director
Cooper Gay Swett and Crawford has appointed Oliver Homer as global head of mergers and acquisitions.
Sompo Japan expands presence in Brazil
Japanese general insurer Sompo Japan has raised its stake in Sao Paulo-based Maritima Seguros to 87% from 50% through its subsidiary Yasuda Seguros.
Hertz buys accident management firm CCL
UK Car rental giant Hertz has entered the UK replacement vehicle market with the acquisition of Dorset-based accident management provider CCL.