Mergers & acquisitions (M&A)
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Invicta secures deal for Sevenoaks broker's GI portfolio
Invicta Insurance Services has beaten off competition from a number of interested parties to secure the acquisition of Sevenoaks Insurance Brokers' entire general insurance portfolio.
M&A activity continues at Towergate with four more deals
Towergate has brought its 2012 acquisitions total up to 23 following the purchases of non-life business Newstead Insurances Brokers and general insurance broker Grenville Westinsure.
HSBC in talks over sale of Ping An stake
HSBC may sell its stake in China's Ping An Insurance as part of a drive to improve profitability, the insurer confirmed on Monday.
Bluefin adds five to broker network
Five new brokers have joined Bluefin’ broker network Broker Partnership Services.
Charles Taylor cements solid profits in bid to drive down group debt
International professional services provider Charles Taylor released an interim management statement this morning, reaffirming a commitment to implement its run-off strategy by acquiring offshore life insurers in run-off.
Former Axis chairman could start Asian insurer
Axis Capital founder John Charman is planning to return to the insurance industry, possible through the creation of an Asian insurance company.
US firm invests in Health Claims Bureau
Healthcare and risk management specialist Health Claims Bureau has signed an investment deal with US specialist Professional Disability Associates.
Go Compare admits future sale 'entirely possible'
The timing of Go Compare's strategic review is "no coincidence" given that the aggregator's major shareholder has a flotation in its sights, according to commentators, who have also mooted a potential management buyout or private equity deal.
Direct Group eyes US expansion following sale to Ryan Specialty Group
Direct Group chief executive Derek Coles intends to take advantage of new opportunities to enter international territories following the completion of the firm's sale to Ryan Specialty Group.
Ageas completes £116m acquisition of Groupama Insurances
Ageas has completed its acquisition of Groupama Insurances – less than three months after it revealed the £116m deal.
Interview: Bill Cooper - Banking bites back
The head of global insurance at Lloyds Banking Group believes that insurance M&As are not dead and that institutions are willing and able to provide finance.
Generali offloads assets to raise cash for emerging markets
Generali is to sell non-strategic assets next year in a bid to generate cash to invest in emerging markets in Asia, Eastern Europe and Latin America.
Charles Taylor to buy life business in £1.55m deal
Charles Taylor is to acquire Global Life Assurance Limited from Pinnacle Company Limited for £1.55m.
Covea unveils new look executive team
Covea Insurance has confirmed the line-up of the executive team charged with leading the business following its creation via the merger of MMA and Provident.
Lucas Fettes appoints management duo to Manchester team
Growth-hungry broker Lucas Fettes has backed up its acquisition of Cougar Underwriting with two senior additions to its Manchester team.
Jubilee parent completes Direct Group deal
Ryan Specialty Group is completing the acquisition of Direct Group today.
Towergate dismisses Paymentshield speculation
Towergate has denied speculation that the firm is planning to sell its mortgage payment and insurance business Paymentshield.
International brokers target London market for growth opportunities
International brokers are looking to London for opportunities to grow their businesses amid signs that the capital's mergers and acquisitions market is heating up.
Ageas to build broker brands as Groupama name phased out in UK
The Groupama Insurances brand is to be phased out of the UK marketplace following completion of the insurer's sale to Ageas UK.
Acromas in Deutsche Bank talks
The chief executive of Acromas is understood to have met his counterpart at Deutsche Bank to discuss his firm's options.
Groupama takeover to add extra boost to 'record' Ageas profits
Ageas chief executive Barry Smith is confident that the addition of Groupama insurance activities will add further clout to performance, following nine months in which the firm's profit before tax and minority interests rose by 36.4%.
Thai acquisition to double Pru market share
Insurer Prudential is set to acquire Thanachart Life Assurance Company, a wholly-owned life insurance subsidiary of Thanachart Bank.