Private equity (PE)
BP Marsh eyes new investments after Hyperion sale
BP Marsh will reinvest the £29.2m obtained from the sale of 80% of its Hyperion stake in new or existing ventures.
Is claims sector set for investment and M&A surge following latest LDC move?
Speculation is mounting that the claims market is ripe for further private equity investment and mergers after motor claims specialist Validus IVC completed a management buyout with backing from Lloyds Development Capital valuing the firm at £30m.
General Atlantic acquires close to 30% of Hyperion shares
The Hyperion Insurance Group has signed an initial agreement with General Atlantic, which will see the global growth equity firm acquire just over 30% the international broking business' shares.
Truell among bidders linked to Co-op sale
Mark Summerfield, managing director of The Co-operative Insurance, has said the planned sale of the general insurance business is “entirely in line with the group’s strategy” to build a “compelling competitor in high street banking that customers will…
Success of Esure float boils down to accurate pricing in current market
Esure could err on the side of caution when it comes to pricing its stock as it aims to follow Direct Line Group onto the London Stock Exchange, analysts have suggested. The personal lines insurer confirmed plans to float as it revealed its 2011 result.
IAG to write off $260m following Equity sale to Aquiline Partners
Insurance Australia Group has announced that it recorded a loss of $182m in respect of its "discontinued" UK operations in the six months to 31 December 2012.
Broking Focus: Cashflow Problem
Macquarie’s withdrawal from cashflow lending last year caught many brokers by surprise, but what has the impact been– and where do brokers look now for finance?
Hyperion IPO back on agenda following BP Marsh talks
Hyperion could be gearing up for a flotation before the end of the year, according to analysts.
3i rumoured to be planning sale of Hyperion stake
Private equity firm 3i has refused to comment on fresh speculation that it is ready to sell its 23% stake in Hyperion.
View from the Top: London looking for leadership
Independent brokers in the capital must adapt to survive the US-led private equity feeding frenzy, says Toby Esser.
Cooper Gay completes Lightyear deal
Cooper Gay Swett & Crawford has confirmed that its investment agreement with Lightyear Capital has completed.
Aquiline boosts Lloyd's foothold with cut-price acquisition of Equity Red Star
Aquiline Capital Partners' acquisition of Equity Red Star for £87m – a far cry from the £570m IAG paid for Equity Insurance Group in 2006 – marks the New York-based firm's latest foray into the Lloyd's market.
IAG confirms Equity Red Star sale ahead of huge predicted losses
Insurance Australia Group has confirmed the sale of its UK business to Aquiline Capital Partners, following the completion of a strategic review in which the firm predicted net losses of £156m after tax.
AIG creates financial institution division
AIG has launched a financial institutions practice in the UK to help businesses across the sector confront the risks and challenges of the market.
Unhappy investors uncover Drive Assist debtor discrepancies
Discrepancies over Drive Assist's debtors are said to have played a part in the company's downfall and resignation of founder Steve Binch, Post understands.
Fairfax finalises Cunningham Lindsey private equity deal
Fairfax Financial Holdings has completed the disposition of its interest in Cunningham Lindsey Group for proceeds of approximately £167.7m ($270m).
Growing SMEs: Room to manoeuvre
Small businesses are often subject to rapid change and growth, and it is essential that brokers and insurers understand how radically their risk profiles can evolve.
Layton Blackham founder joins UK General board
Chris Blackham, founder of consolidator Layton Blackham, has been appointed non-executive director on the board of UK General Insurance.
AIA boss Wilson tipped to take Aviva CEO job
The former chief executive of Asian life insurer AIA is the favourite to take the up the chief executive position at Aviva, according to the Financial Times.
McLarens brand in UK return as CEO Chalfant eyes deals
The McLarens brand has been resurrected in the UK insurance market after the loss adjusting group reclaimed the name in readiness to make global acquisitions in 2013.
Cooper Gay Swett & Crawford seals equity investment
Broking group Cooper Gay Swett & Crawford has agreed terms with Lightyear Capital and institutional co-investors for a substantial investment into the CGSC Group.
Interview: David Mairs - my side of the story
Breaking a seven-year silence on the firm he founded, David Mairs defends the sale of Merlin, then Ashworth Mairs Group, to Hermes for £62m, offering his insight into the loss adjuster's downfall, the state of the market and why the time is right for his…
Cunningham Lindsey UK boss hints at further deals after CVC buyout
Fairfax Financial Holdings is to reduce its stake in Cunningham Lindsey from 43.2% to less than 10% under the loss adjuster's refinancing deal with CVC Capital Partners.
Post magazine - 4 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.