Private equity (PE)
Long chase for true Brit
Little more than a month ago I mused on the vacant position of UK chief executive at Brit Insurance, as the insurer looked to replace Peter Burrows.
Interview - Stewart McCulloch: Sticking to his knitting
The new CEO of Garwyn talks to Mairi MacDonald about getting the loss adjuster back on track by sticking to its core strengths while expanding its regional focus.
Garwyn aims for client contact with City office
Liability loss adjusting specialist Garwyn has opened an office in the City of London for the first time in a bid to get closer to its customers.
Acromas claims anti-PE bias amid reported loss
Acromas Holdings, the parent group of insurance providers AA and Saga, has claimed "scaremongering" against private equity houses has seen the ongoing performance of the business masked by a £529m overall loss, caused by interest repayments.
Broker focus - exit options: Feathering the nest
Finding a favourable exit during the economic downturn has proved tricky for broker owners. Leigh Jackson reports on how the tide may be turning for those looking to sell.
Towergate: bond issue is still on 'to do' list
Towergate is keeping the brakes on its £665m bond issue in response to little improvement in the financial markets.
Lloyds Development Capital backs Chem-Dry MBO from Evander
The Evander Group has today announced the transfer and sale of Chem-Dry in the UK from Evander to Chem-Dry management, backed by Lloyds Development Capital.
Outgoing IAG UK boss Neil Utley backs £74m buyout
KBC Group and KBC Peel Hunt have reached agreement over a buy-out of KBC Peel Hunt for a total consideration of £74m.
Brit opens books to PE house as Apollo ups bid to £10.75 a share
Brit Insurance today confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
Lloyd's & London market: Bargain hunt
It looks like investors searching for a piece of the action in Lloyd's can pick up a bargain right now, as depressed share prices shine a light on profitable businesses trading at a discount to their net asset value. Ralph Savage investigates whether a…
Brit opens books to PE house as Apollo ups bid to £10.75 a share
Brit Insurance today confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
Private equity firm steps in with £115m MCS deal
Swedish restoration services firm Munters has sold its moisture control services business to private equity firm Triton in a move that will see a number of key partnerships in the UK insurance market change ownership.
Brit deal in the balance
Private equity house Apollo is not expected to up its offer for Brit, meaning the chances of the deal being successful are 50:50, according to Jefferies International.
Bluefin joins PE alliance
Axa-owned Bluefin has become an inaugural member of Equity Risk Partners Global, a worldwide alliance focused exclusively on the needs of the private equity sector.
Apollo-Brit deal given 50:50 chance as PE house tipped not to raise bid
Private equity house Apollo is not expected to up its offer for Brit, meaning the chances of the deal being successful are 50:50, according to Jefferies International.
Axa-owned Bluefin strikes alliance with US broker
Axa-owned Bluefin has become an inaugral member of Equity Risk Partners Global, a worldwide alliance focused exclusively on the needs of the private equity sector.
British Insurance Awards 2010: Cracking commercial
This year's winner, Heath Lambert, is a broker that has taken significant strides to enhance its UK operations and client service in recent years culminating in victory at the British Insurance Awards 2010 writes Andrew Tjaardstra.
Catlin recruits ex Marsh CEO
Catlin has announced two changes to its board of directors.
Post in print - 24 June
Post reporter Dan Dunkley provides a 60-second run down of the major news headlines from tomorrow's issue of Post.
FSA to investigate Brit buy-out leak
The Financial Services Authority is investigating the leak of Apollo's takeover approach of Brit Insurance.
Editor's comment: Brit offer makes waves
Last week, Brit Insurance certainly made waves on the Stock Exchange when its share price rocketed on news that US private equity house Apollo was sniffing around the business and had made a £10 per share cash offer.
Market awaits Apollo's next move on Brit
Lloyd's insurers that have been trading below book value saw their share prices jump following a private equity bid to buy Brit Insurance.
Brit confirms details of offer
Brit has confirmed that it received an offer of £10 per share in cash from private equity company Apollo.
Brit speculation good for Lloyd's
The private equity offer for Brit Insurance spells good news for the Lloyd's market, according to analysts.