Mergers & acquisitions (M&A)
Post magazine - 24 January 2013
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Mergers & Acquisitions: How's your appetite?
With industry commentators split on how mergers and acquisitions might unfold this year, is there evidence that firms are hungry for more after a busy 2012, or have they had their fill for now?
DWF merges with Fishburns
Business law firm DWF and professional indemnity practice Fishburns will merge on 1 February.
Acquisitive regional broker bolsters equestrian offering
Middlesex broker Bryan James & Co has followed up on a pledge to continue to dip its toe in acquisitive waters after completing the takeover of a property management firm's insurance division.
Aviva sells stake in Malaysian venture
Aviva has reached an agreement to sell its 49% stake in two Malaysian ventures to Sun Life Assurance.
Smith to spearhead Ageas growth with three-year plan
Ageas UK's new chief executive Andy Watson has stressed that the firm will keep an active eye on potential acquisitions after taking the reins from Barry Smith, who has stepped up to become the group’s first chief operating officer.
Cooper Gay completes Lightyear deal
Cooper Gay Swett & Crawford has confirmed that its investment agreement with Lightyear Capital has completed.
Gallagher lines up Barbon as next acquisition target
AJ Gallagher is closing in on a deal to acquire Barbon Insurance Group, Post understands.
Generali chief eyes €600m cost savings by 2015
Generali chief executive Mario Greco unveiled a programme of changes today aimed at reducing costs and increasing cash flow at the Italian insurer.
Technology firm 2e Systems acquires Flightsurance
Flightsurance, a travel insurance start-up underwritten by QBE, has been acquired by 2e Systems, an online and technology provider.
Thai buyer "has the necessary resources" to buy Ping An stake
Charoen Pokphand Group has refuted suggestions in the media that a lack of funds is threatening to scupper its acquisition of HSBC’s stake in Chinese insurer Ping An.
Flightsurance bought by 2e Systems
Travel insurance start-up Flightsurance has been acquired by 2e Systems, a technology provider for the travel industry with offices in London and Frankfurt, for an undisclosed fee.
R&Q completes £500k Hickson deal
Randall & Quilter has completed its £525 000 acquisition of the entire issued share capital of Isle of Man-domiciled captive insurer Hickson Insurance.
CIRC seeks more information on Ping An sale
HSBC's sale of its 15.5% stake in Chinese insurer Ping An is at risk of falling at the first hurdle.
Broking: Lloyd's & London market - Capital investment
Strong US interest in the Lloyd's and London market is driving acquisition activity in the broking sector, but will the City continue to prove popular with overseas investors in 2013?
Last Delta Lloyd shares earn Aviva £350m
Aviva has priced its remaining stake in Benelux insurer Delta Lloyd at €12.65 per share, which would amount to gross cash proceeds of £353m.
Aviva looks to sell remaining Delta Lloyd stake to increase liquidity
Aviva has today announced it intends to sell the remainder of its shareholding in Delta Lloyd NV.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Generali secures full control of CEE joint venture
Generali will take full control of eastern European insurer Generali PPF Holding after buying out joint venture partner PPF Group, the firm said today.
Antares forms partnership with Japan's Itochu Corporation
Antares has formed a strategic and financial alliance with Japanese trading organisation Itochu Corporation.
Punjab National Bank gets go-ahead for Metlife acquisition
Punjab National Bank has received approval to acquire a 30% stake in insurer Metlife India Insurance.
Achmea completes OVO acquisition
Dutch insurer Achmea has completed the acquisition of mutual government insurer Onderlinge Verzekeringen Overheid.
Israeli bank could sell whole Migdal stake
Israeli bank Leumi has begun selling its nearly 10% stake in Migdal Insurance and Financial Holdings to institutional investors, Reuters said on Thursday, quoting a market source.
Munich Re invests in French onshore wind farms
Munich Re has invested in 32 French wind farms via its asset manager MEAG.