Private equity (PE)
Brit Insurance share deal deadline extended - again
Brit shareholders have more time to decide whether to accept an offer from Achilles after the deadline was extended for a fourth time.
Brit acquisition deadline extended to March
The deadline for acceptance of Achilles’ offer to buy Brit Insurance has been extended for a third time.
Interview - Sarah Lyons: What next for Giles?
Having joined the industry as a school leaver, Sarah Lyons is now group MD of Giles. She explains to Mairi MacDonald why growth, rather than exit plans, remains top of her agenda.
Towergate highlights new bond issue intent with director change
Consolidator Towergate Partnership has moved a step closer to an expected private equity investment - as well as the resurrection of its bond issue - with the formation of a new holding company and directorate change at three subsidiaries.
Advent poised to take Towergate stake
Towergate is understood to have reached an agreement in principle with private equity firm Advent International.
Wells Fargo plans sale of 37% stake in Besso
Wells Fargo is seeking a buyer for its stake in Lloyd's broker Besso.
Lloyd’s & London market – review of the year: Troubled times
A succession of natural catastrophes got 2010 off to a bad start and the market continued to struggle - but the resolution of Brit’s future and the prospect of consolidation could see the year end on a high. Mairi Macdonald reports.
New equity for Towergate
Towergate Partnership has secured new equity investment, after signing a preliminary agreement with an international private equity house, Post understands.
Warning over reserves as retirement age rises – Post in print: 16 December 2010
Senior reporter Leigh Jackson outlines the main news from this week's issue of Post, which includes reports that insurers have been urged to review their reserves, as the proposed abolition of the retirement age could see claimants seeking increased…
A-Plan to continue branch investment after profit rise
Private-equity-backed high street broker A-Plan Holdings has insisted it will continue to invest in opening new branches where suitable opportunities exist.
Transactional risks - Solutions: Coming of age
Companies with reinvigorated balance sheets are displaying renewed appetite for mergers and acquisitions. John McNally and Tim Allen detail how evolving transactional risk insurance solutions mean the market can meet their needs.
Postbox: SME online has been viable for years
I have to say my firm read with interest your comments about 'SME' online being commercially viable.
Editor's comment: Commercially viable
The news that Iprism has secured private equity backing, which effectively values the business at £50m, is further evidence that the future of online commercial trading has finally reached its 'tipping point'.
Roundtable - mergers & acquisitions: Cautiously navigating the upturn
Recession and recovery, global ambition, super-mergers, market appetite, pricing, marrying business cultures and managing brokers' expectations were all topics of deeply involved discussion as a panel of industry big-hitters jousted at a recent Post and…
Iprism valued at £50m as PE firm takes a stake
Online commercial comparison portal Iprism has attracted private equity backing, in a move that values the business at £50m.
Iprism valued at £50m as PE firm takes a stake - Post in print: 18 November 2010
Reporter Amy Ellis outlines the main news from this week's issue of Post, including how backing from a PE firm has led to Iprism being valued at £50m; Zurich coming under fire for 'bungled' staff consultation; Allianz's Andrew Torrance bemoaning new…
Iprism valued at £50m as PE firm takes a stake - Post in print: 18 November 2010
Reporter Amy Ellis outlines the main news from this week's issue of Post, including how backing from a PE firm has led to Iprism being valued at £50m; Zurich coming under fire for 'bungled' staff consultation; Allianz's Andrew Torrance bemoaning new…
Ink in ‘unique’ position with rebrand
Giles-owned Ink Underwriting Agencies has rebranded as Ink Insurance in a move to become a one-stop shop for smaller brokers struggling to place business with insurers.
Vertafore eyes UK market
US insurance software giant Vertafore is monitoring the UK insurance software market for acquisition opportunities with the blessing of its new private equity backer.
Claims - Private equity backing: Unlocking private equity
Private equity is not just the preserve of the insurer and broking sectors. Daniel Dunkley looks at how the claims sector has seen a fair share of PE investment, asks why this is the case and what it means for the firms involved.
Insure & Go warned of £6.73m VAT bill weeks before Mapfre swoop
Travel insurance intermediary Insure & Go warned it would have to raise additional capital if it lost an appeal against the HMRC weeks before it was acquired by its underwriting partner Mapfre Assistance, Post has learnt.
Apax Partners interested in Moneysupermaket acquisition
Private equity investment group Apax Partners has targeted comparison site Moneysupermarket as a potential acquisition.
Brit agrees cash offer with bidders
Brit Insurance has reached agreement with Apollo Management and CVC Capital Partners that will see the insurer’s shareholders receive up to £11 per Brit share.
Esure reveals earliest date for an IPO will be 2014
The founder and chairman of direct insurer Esure Peter Wood has revealed that 2014 is the earliest that it will launch an initial public offering.