Mergers & acquisitions (M&A)
R&Q completes French acquisition
Randall & Quilter Investment Holdings has closed the acquisition of the share capital of French domiciled insurer La Réassurance Intercontinentale from MMA.
R&Q completes French acquisition
Randall & Quilter Investment Holdings has closed the acquisition of the share capital of French domiciled insurer La Réassurance Intercontinentale from MMA.
Kennedys merges with aviation specialists Gates and Partners
Kennedys has agreed a merger with specialist aviation and aerospace law firm Gates and Partners.
Triple merger takes its toll on Covea's 2012 pre-tax profit
Covea Insurance saw its pre-tax profit plummet by almost 50% last year, as merger activity took its toll on the firm’s full year results.
Post Blog: A gentleman's agreement?
How can brokers with appointed representative arrangements deal with partners undergoing M&A activity? John Rusby explains.
Barbon CEO Ramsey exits post-sale
Barbon Insurance Group chief executive Mike Ramsey is leaving the group following the sale of its property & commercial division to Arthur J Gallagher.
Saulter exit will not disrupt Towergate M&A activity, vows Hodges
The departure of Towergate mergers and acquisitions director Dan Saulter will not dent the consolidator’s acquisition strategy in the year ahead, according to chief executive Mark Hodges.
Coface "not a strategic asset" says Natixis chief
French bank Natixis does not expect to put Coface up for sale but would consider reducing its stake in the credit insurer, chief executive Laurent Mignon reportedly told a shareholders meeting on Tuesday.
Gallagher Heath unveils restructure
AJ Gallagher has created three new divisions within its Gallagher Heath Insurance Services in a bid to reflect its chosen distribution channels – direct, intermediary and partnerships.
Keelan Westall expansion plans boosted by Gallagher acquisition
Keelan Westall managing director Wayne Tonge is aiming to “triple its income within two years” as it expands its e-trading offering, following the wholesale broker’s acquisition by Arthur J Gallagher a fortnight ago.
Towergate interest payments come down and debt maturity extended to 2018
Towergate Insurance has today announced the completion of its refinancing, following the closing of its bond offering.
Towergate swoops for North England broking pair
Towergate has acquired Youngs Insurance Brokers and Murray Burns & Co, brokers based in North of England.
Leader: A tale of two acquisitions
Making an acquisition is never easy. There are due diligence reviews to be done to ensure a potential target business works in terms of overall strategy, and that there are no hidden surprises, while the most successful deals are founded on sound…
Quindell model calls for clarity after shares plummet
Speed and volume of deals have caused confusion
Liberty eyes remaining Quinn stake
Liberty Insurance’s Irish chief executive has said the group wants to wrestle full control of the former Quinn Insurance Group.
Guidewire acquires P&C data management specialist Millbrook
General insurance software specialist Guidewire has acquired Millbrook, a provider of data management and business intelligence solutions for property and casualty insurers.
Jelf deal marks return to form, says Alway
"Most if not all" of The Insurance Partnership directors are expected to accept the majority of the purchase price in shares, according to chief executive of the broker's new owner Jelf Group, Alex Alway.
Quindell shares plummet on Accident Advice Helpline concerns
Shares in outsourcer Quindell Portfolio fell 28% yesterday just two days after the firm announced a huge increase in year-end profits.
Gallagher rules out mass redundancies after Barbon broking acquisition
Gallagher International chief executive David Ross has ruled out a “slash and burn” programme following its acquisition of Barbon Insurance Group’s five property and commercial businesses.
Editor's comment: Biba fever sweeps the market
There must be something in the water – or maybe it is #BIBAFever setting in. Whatever it is, after a quiet start to the year, broker deals have suddenly started to liven up the market now the British Insurance Brokers’ Association conference is in our…
Towergate subsidiary CCV snaps up Norwich-based broker
Towergate-owned Cullum Capital Ventures has acquired Waveney Insurance Brokers and its two subsidiary companies Waveney Insurance Brokers Commercial and Waveney Group Schemes.
Liberty Europe adds warranty & indemnity and litigation buy-out cover
The financial lines division of Liberty International Underwriters Europe, part of Liberty Mutual Insurance Group, has launched a warranty and indemnity policy and a litigation buy-out policy.
Quindell revenue rises 904% in 2012
Quindell Portfolio has reported a 904% year-on-year increase in revenue to £137.6m (2011: £13.7m) while pre-tax profit increased by 915% to £41.2m (2011: £4.1m).
Plexus Law to merge with Greenwoods
Defendant insurance firms Plexus Law and Greenwoods are expected to merge in a deal to be completed in mid-May.