Private equity (PE)
PE house buys 30% stake in Lloyd's broker
NCG Professional Risks, the London based Lloyd’s insurance and reinsurance broker, has today announced that it will receive a £1.4m investment to accelerate its expansion strategy.
Broker Hastings gets major capital injection from Lloyds TSB
Personal lines specialist Hastings Direct has become the latest broker to receive third-party capital after agreeing to a £20m cash injection from Lloyds TSB Corporate Markets.
Chartis, QBE and Dual back £1bn GWP private equity start up
The British Private Equity and Venture Capital Association has today launched BVCA Insurance Services to help members and their investee companies with their insurance needs.
BIBA 2010: Lexicon exec hails insurance broker resilience
The insurance broking sector has performed at a “remarkable” level in the midst of economic turmoil by tackling cost bases to protect profit margins, a market analyst told panel members at a fringe event at the British Insurance Brokers' Association…
Finance raising - IPOS: Lack of activity
Marsh recently predicted an increase in initial public offerings. Amy Ellis looks at what is actually happening and the impact on the wider insurance community.
Interview - Alex Alway: A real sense of community
Jelf chief executive Alex Alway speaks to Stephanie Denton about market speculation, Quinn, consolidation and why he still has a lot to learn about insurance.
Capital Z raises Jelf stake closer to 30% threshold
Capital Z has moved closer to the threshold which would require it to make an offer for the entire shareholding of boker Jelf it was revealed this morning.
Gresham completes £12.5m PE-backed MBO
Gresham, the mid market private equity specialist, today announces that it has completed an investment of £12.3m in Lanes Assistance Services.
Bids in for Kwik-Fit insurance
Investment bank Credit Suisse is mulling over bids to buy the insurance arm of Kwik-Fit after they were submitted for consideration by 2 April.
Oval appoints Rothschild to consider future options
Oval has made Gloucester-based broker JL Fisher & Co its first acquisition of 2010, adding it would also consider a "transformational deal" to take it past its £200m target.