Mergers & acquisitions (M&A)
Ageas and Groupama in acquisition talks
Ageas UK and Groupama have entered exclusive discussions regarding the sale of Groupama's UK non-life insurance business.
Q&A with Chartis' Robert Schimek and Peter Csakvari
As the Russian insurance market continues to attract worldwide interest, Insurance Insight spoke to Rob Schimek, president of Chartis EMEA, and Peter Csakvari, general manager of Chartis Russia, about the potential in the Russian insurance market,…
Generali reaches new agreement to sell Israeli Migdal
The Generali Group has reached a new agreement to sell its entire 69.13% stake in Israeli firm Migdal Insurance and Financial Holdings to Eliahu Insurance Company.
Houghton departs Broker Network after 17% drop in operating earnings
Nick Houghton has joined West Yorkshire-based broker JM Glendinning after resigning as managing director of Broker Network and Countrywide.
Interview: Carl Beardmore - from vision to fruition
BMS chief executive Carl Beardmore believes he is on track in transforming a broker that was 'flat lining' into a company generating more than £100m a year.
Q&A: Dennis Turner - Money talk
Dennis Turner, former chief economist at HSBC, offers his insight on UK economic growth, the Eurozone crisis and the potential effects of the US presidential election on the global recovery.
Dubai Group sells Turkish non-life insurer
Dubai Group has sold its Turkish insurance arm to a company owned by former AIG chief executive Maurice 'Hank' Greenberg and a unit of Dubai lender Mashreq Bank.
Quindell to support substantial growth with further outsourcing deals
Quindell chief executive Rob Terry is targeting bottom line growth of up to 25% over each of the next five years, after his firm increased revenue from £1.8m last year to £45.6m in the first half of 2012.
Hodges: £90m M&A pot half spent but always replenished
Towergate has no intention of easing off from merger and acquisition activity as it ploughs ahead with a plan to grow its top and bottom lines over the next two years.
Helvetia increases shareholding in Nationale Suisse
The Helvetia Group has given notice to the Swiss Stock Exchange that Helvetia Beteiligungen AG has taken over a share package from Basler Kantonalbank in the Swiss National Insurance Company (Nationale Suisse) amounting to 7.69%.
Collinson to acquire One Group
Collinson Insurance Group has agreed to acquire The One Group, pending a 30-day due diligence review.
Brit integration leads to Birmingham office relocation for QBE
QBE has been forced to relocate its Birmingham operation to a larger office as a result of the ongoing integration of the Brit Insurance business.
Vienna Insurance Group offloads Russian interests
Vienna Insurance Group has completed the previously announced sale of its stakes in three Russian insurance companies.
Great Eastern CEO hails stake sale as "significant step" in China expansion
Great Eastern Holdings has entered into a conditional sale and purchase agreement with Chongqing City Construction Investment to sell 25% of its equity interest in Great Eastern Life Assurance (China) Company for RMB303m (£32m).
IAG maintains silence on UK business sale
Insurance Australia Group has stressed that writing off its remaining goodwill and intangible assets in the UK business is not necessarily a sign that it will sell that division.
European View From The Top: Growth opportunities
Among all the doom and gloom you might think the chances of growth in the near term are slight, if not negligible.
Canopius completes Omega acquisition
Canopius Group has completed its acquisition of Omega Insurance Holdings.
Canopius seals Omega deal
Private-equity backed insurer Canopius’s acquisition of Omega has completed today, increasing its annualised premium income to more than £1bn.
Flagstone Re finalises £32m sale of Lloyd's business
Flagstone Reinsurance has completed the sale of its Lloyd’s segment to a wholly-owned subsidiary of ANV Holdings BV for approximately £31.7m ($49.7m) in cash.
Swedish insurer on cusp of record private equity sale
Swedish insurance group Länsförsäkringar is close to selling a €1.5bn portfolio of private equity interests, which if completed would be one of the largest divestments by a European institution.
Regional broker buys could boost Oval headcount by 200
Oval's plan to acquire insurance brokers in the next two years could add up to 200 more people to its 24-strong regional office network.
Aviva Asia acquires stake in Singapore PIAS
Aviva Asia is to acquire a majority stake in the holding company that owns Professional Investment Advisory Services, a financial advisory firm in Singapore.
Oval GWP jumps to £391m after 'substantial growth and contract wins'
Oval Insurance Brokers has posted a gross profit of £90m for the year ended 31 May 2012, a £4.7m increase on last year.
Lark buyout casts doubt on long-term viability of insurer-owned brokers
The management buyout of Lark after five years of Groupama ownership has raised questions over the long-term viability of insurers taking controlling stakes in broking businesses.