Private equity (PE)
Editor's comment: Cullum's Advent calendar
The transfer deadline day, 31 January, saw a host of football clubs scrambling over themselves to secure deals to improve their stock ahead of the final push for safety, promotion, Europe or silverware.
Nationals call for FSA talks as Towergate seals £200m deal
Chief executives from some of the UK's largest brokers have called for a meeting with the Financial Services Authority to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
News analysis - Towergate refinancing: Towergate to kick into full IPO mode
With confirmation of Advent's £200m cash injection, what does Towergate have planned next? Mairi MacDonald explores the options.
Jelf has big plans for personal lines in 2011
Jelf chief executive Alex Alway is targeting "aggressive organic growth" after its 2010 annual results revealed that the firm had reduced its debt and turned a 2009 loss into profit.
Towergate to benefit from "first mover advantage," claims Fitch
Fitch Ratings has affirmed the long-term issuer default rating of Towergate Finance at 'B'. The outlook is stable.
Brit share deal extended for fifth time
Achilles' has extended the deadline by which Brit shareholders can accept or decline the private equity consortium’s offer for the company for a fifth time.
Advent seals £200m investment in Towergate and CCV
Towergate Partnership has entered into a conditional agreement in relation to a £200m investment by global private equity firm Advent International.
Lloyds insurance boss quits after 12 months for Friends role
Lloyds Banking Group's CEO of general insurance Andy Briggs is to leave to become CEO of Friends Provident.
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…