Private equity (PE)
RBS denies speculation of affinity split with DLG
The Royal Bank of Scotland has denied suggestions that UK Insurance will be stripped of its position as personal insurance provider for banking customers following the upcoming separation.
Interview: Allanfield's Darryl Noik, Gary Field and Tim Allan - The real deal
Allanfield is five years old and has just 18 staff, yet the company has cemented itself as a major name among real-estate insurance brokers. Tim Allan, Gary Field and Darryl Noik share the secrets of their success and discuss their vision for the future.
Homeserve denies sale talks
Homeserve has issued a statement on the London Stock Exchange in which it denies having engaged in discussions with potential buyers.
DLG's ambition to float in doubt amid reports of PE bids
The Direct Line Group's plans to float have been put in jeopardy, according to reports claiming that two private equity consortiums could launch rival bids for the business.
LAS chairman Posner retires
LAS Claims Management chairman Howard Posner, pictured, has stepped down following a management restructure to position LAS for further business growth.
Personal Lines Broking: Challenges on the horizon
After facing multiple threats that promised doom and gloom, personal lines brokers are ready to face down further challenges coming their way
Flotation deemed 'only option' for Direct Line Group divestment
Analysts have rubbished recent claims that Direct Line Group could be bought by a private equity house, stating that the insurer has to go ahead with the planned initial public offering to obtain the best price and appease UK taxpayers and the European…
PE interest to shake up motor insurance market
Growing interest in motor insurance from private equity firms is likely to increase dynamism in the sector, according to Ernst & Young.
3i reaffirms Hyperion commitment amid rumours of cut-backs
Hyperion private equity backer 3i has brushed aside suggestions that it may abandon the international insurance intermediary group, following rumours of cost-cutting at the firm.
CIRC outlines plan for private investors to own 20% of a single Chinese insurer
The China Insurance Regulatory Commission has revealed that an individual private investor would be able to own a fifth of a single insurance company, as part of new proposals.
Brightside boss Holman eyes up employee benefits offering
Newly appointed Brightside boss Martyn Holman, pictured, has announced plans to start reviewing the business in the next two weeks and potentially enter new lines including employee benefits.
Post Blog: Haste & Guardiola - Why Chelsea have more chance of getting their man than Aviva
The current scramble for new managers at top football clubs Chelsea and Liverpool draws a parallel with Aviva's hunt for a new CEO.
Hyperion valued at £165m as BP Marsh sells a stake to Murofo
BP Marsh & Partners announced this morning that its wholly-owned subsidiary, BP Marsh & Company, has sold 1 193 500 shares (2.75%) in Hyperion Insurance Group for a cash consideration of £4.5m.
Merlin to make up to 70 staff redundant as part of business review
Loss adjusting and claims management company Merlin has started a redundancy consultation with 70 staff as part of a wide-ranging review.
Market divided as to favourability of current conditions for IPOs
Market players credited with an interest in launching initial public offerings inside the next two years have been warned against attempting to float amid unfavourable conditions, where value is at rock bottom.
Editor's comment: The lure of Lloyd's
London's bid to elevate its appeal and competitive edge for financial services businesses deciding on the best domicile may still be subject to speculation on likely success, but the lure of Lloyd's is undeniably as strong as ever to international…
Support for Direct Line Group's debt issuance plan 'delights' bosses
Direct Line Group bosses have expressed their "delight" after more than 40 financial institutions declared their support for the firm’s £500m planned subordinated debt issuance.
Editor's comment: Setting course on uncertain seas
This week two of the UK's insurance powerhouses made announcements that, although very different in their nature, aimed to position the respective firms for the future.
Cooper Gay private equity deal 'not concrete'
Cooper Gay Swett & Crawford has confirmed that the broking group's chief executive, Toby Esser, is in talks with potential private equity investors, although no deals have been struck yet.
Davies swoops for liability adjuster Ufton
Private equity-backed loss adjuster Davies has bought liability and construction specialist Ufton Associates.
Private equity: a new wave of investment
A new wave of private equity investment is entering the insurance market on the back of tougher bank lending terms. But is it here to stay?
Post magazine - 19 April 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Am Wins and New Mountain Capital complete $1.3bn partnership deal
Am Wins has today revealed a growth-oriented recapitalisation partnership with New Mountain Capital in a deal worth approximately $1.3bn (£820m).