Mergers & acquisitions (M&A)
Premium Credit sold to private equity house
Private equity firm GTCR has acquired Premium Credit from Bank of America affiliate MBNA Europe in a deal worth £900m.
Top 25 EC3 brokers: London leads the way
The performance of the top 25 EC3 brokers illustrates a thriving market that is receiving growing interest from every corner of the globe.
Aviva and Gallagher strengthen ties
A new commercial arrangement between Aviva and Gallagher Heath for standard and non-standard household products is expected to generate more than £200m in gross written premium over a three-year period.
Migdal sale provides liquidity boost for Generali
Generali has completed the sale of its 69.1% share in Migdal Insurance and Financial Holdings to Eliahu Insurance Company for €705m.
Preferential founders to return with personal accident business
Steve Nickerson and David Marshall, the founding directors of Preferential Insurance, are to launch a new venture providing personal accident insurance.
BP Marsh assessing Finnish purchase
Venture capital firm BP Marsh is weighing up the acquisition of a broker in Finland, according to chairman Brian Marsh.
UK insurance group eyes Turkey and India acquisitions
UK insurance group BGL Group is to target Brazil, India and Turkey in a bid to widen its international footprint.
Cooper Gay targeting acquisitions by end of the year following Lightyear deal
Cooper Gay Swett & Crawford is aiming to make acquisitions by the end of the year after private equity firm Lightyear Capital took a 55% stake in the company.
Middlesex-based broker snaps up northern firm ahead of acquisition push
Acquisitive high-street broker Bryan James & Co has signalled its intention to complete further purchases having reached a deal to take over the Warrington branch of Lloyd's broker Bennett Gould & Partners.
Cooper Gay sells 55% stake to Lightyear Capital
Cooper Gay Swett & Crawford has agreed a deal in which Lightyear Capital gains majority ownership of the broker.
ING sells Hong Kong and Thailand units to Li's Pacific Century Group
ING has agreed to sell its Hong Kong, Macau and Thailand insurance businesses to Pacific Century Group in a deal worth €1.64bn.
Mapfre eyes Middle East expansion with Turkish acquisition
Mapfre Genel Sigorta, the Spanish insurer's Turkish subsidiary, has acquired 51% of Genel Servis, a motor services firm.
Beazley buys Lloyd's small business unit
Beazley has acquired the team that underwrites the Lloyd's Small Business Consortium, which has been managed by SA Meacock Syndicate 727 for nine years.
'Confident' JLT eyes international employee benefits expansion
Jardine Lloyd Thompson is "well positioned to deliver sustainable growth" and will continue with plans to develop its employee benefits business in 2012, according to the broker's interim management statement.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
IMS Group enters Baronsmead partnership
Regulatory consultancy the IMS Group has announced a deal with Baronsmead Partners to collaborate on clients' risk management needs.
Quindell acquires litigation law firm
Quindell is to buy litigation specialist Pinto Potts Solicitors, subject to approval from the Solicitors' Regulation Authority and the Financial Services Authority.
AIA's acquisition of ING will have no affect on rating
The national insurer financial strength rating with stable outlook for American International Assurance Company and its Thailand branch will not be affected the company's planned purchase of ING Malaysia.
HDI-Gerling takes 26% stake in Indian Magma ready for FDI increase
German insurance company HDI-Gerling has paid four times premium on Rs26 crore for its 26% stake in Indian firm Magma HDI General Insurance Co with a commitment of raising the holding to 49% when the government allows it.
AIA wins race to acquire ING Malasia
AIA has expanded its pan-Asian reach with the acquisition of ING Malaysia.
Howden completes Windsor Partners integration
Hyperion subsidiary Howden Broking is to transfer all business and assets from Winsor Partners effective 1 October.
Quindell acquires software provider Metaskil
Outsourcing firm Quindell has this morning confirmed the acquisition of Metaskil, a specialist solutions provider to the insurance industry.
Barclays acquires ING Direct UK
Dutch bank and insurer ING has sold its UK savings and mortgage business to Barclays, generating an expected loss after tax of €320m.
Integration costs force AJ Gallagher into the red
Arthur J Gallagher UK has reported an unconsolidated loss before tax of £2.8m for the year end 31 December 2011, compared to a profit of £4m profit for the same period last year.