Mergers & acquisitions (M&A)
Quest Group secures acquisition loan from Clydesdale Bank
Insurance provider Quest Group has secured a senior debt facility from Clydesdale Bank to help complete the acquisition of an insurance portfolio from Ireland-based Icarom.
US consolidator swoops for Paul Napier, following TPD input
Lloyd's broker Paul Napier has been sold to US-based consolidator Assured Partners in a multimillion pound deal.
IAG sets sights on Asia growth after UK sales
Insurance Australia Group announced the sale of all its UK operations today as the company aims to strengthen its footprint in Asia.
View from the Top: Opportunities for intermediaries
Brokers can strengthen their position by harnessing the data their insurer partners demand, says Will Price.
'Stabbed' insurance boss Rüther backtracks on attack
The German insurance boss who claimed to have been stabbed amid speculation of a possible takeover has admitted that no such attack took place.
Gallagher acquires reinsurance team
Arthur J Gallagher International has acquired Espirito Santo Investment Bank's reinsurance team, Execution Re.
Axa moves to divest US assets worth $500m
French insurer Axa is seeking buyers for US life insurance assets worth at least $500m, Bloomberg said yesterday, quoting sources.
S&P affirms Groupama SA rating following UK sale
Standard & Poor's has affirmed its BB- long-term counterparty credit and insurer financial strength ratings on French insurer Groupama SA and its guaranteed subsidiaries.
Broker acquisition to raise Markerstudy retail GWP by £35m
A completed deal for Markerstudy to acquire Insurance Choice will raise the former's retail gross written premiums by almost half.
Markerstudy completes broker purchase
Gibraltar motor insurer Markerstudy has completed a deal to acquire Insurance Choice.
Stabbing in Germany could be linked to Allianz takeover possibility
A German insurance chief has been stabbed before an important staff meeting.
HSBC agrees to sell Ping An stake to Thai conglomerate
HSBC is to sell its 15.57% stake in Ping An Insurance to the Charoen Pokphand Group, a Thai multi-national conglomerate with core businesses in agro-industry, food, retail and telecommunications.
AIA completes deal for Aviva's Sri Lanka unit
AIA has completed its acquisition of Sri Lankan insurer Aviva NDB Insurance from Aviva and Sri Lanka's National Development Bank.
Collinson to complete One Group purchase
Collinson Insurance Group has inked a deal to acquire claims handler One Group, subject to due diligence.
Swinton expands commercial reach with purchase of Stroud-based broker
Swinton has acquired Alexander James Commercial for an undisclosed sum in a deal designed to expand the firm's commercial reach across the UK.
Allianz linked with German public sector insurer
Allianz could make a bid for German public sector insurer Provinzial Nordwest, but may have trouble wooing the firm's shareholders, according to a Reuters report.
Helvetia completes Gan acquisition and confirms Letac as CEO in 2013
Helvetia has completed its acquisition of the French transport insurance portfolio of Gan Eurocourtage.
Towergate Insurance acquires Norwich and Peterborough Insurance Brokers
Towergate Insurance has completed its 25th acquisition of 2012, securing a deal to pick up the business and assets of Norwich and Peterborough Insurance Brokers.
Quindell swoops for Accident Advice Helpline parent
Quindell Portfolio has completed a deal to acquire Accident Advice Helpline parent Abstract Legal Holdings from 2 April.
Cashin joins Kennedys HK
Peter Cashin has joined law firm Kennedys’ corporate and commercial group in Hong Kong.
Broker sales on back-burner
The sale of Groupama-owned brokers Bollington and Carole Nash are said to be on the back-burner while the dust settles on Ageas’ acquisition of the UK insurance arm.
Collinson Group acquires card protection provider
The Collinson Group has announced a deal to acquire CCS, a card protection provider, in a bid to enhance its insurance and travel benefits offerings.
Axa Assistance acquires concierge service
Axa Assistance has agreed to acquire the majority of WhiteConcierge, a UK company operating in Europe in the concierge services Industry.
Towergate snaps up Northern Irish broker
Towergate Insurance has secured its first foothold in Northern Ireland after acquiring Belfast-headquartered broker Dawson Whyte.