Mergers & acquisitions (M&A)
Barbon employees to get slice of acquisition pie
Barbon Insurance Group has launched a unique new employee incentive in a bid to increase the number of acquisitions it makes.
Biba 2011: Video - Biba Today: Potential Biba and IIB merger – what the delegates think
As the British Insurance Brokers' Association conference in Manchester digested the news of a possible merger between Biba and the Institute of Insurance Brokers, Post and Insurance Age asked delegates what they thought of the news.
Acquisitions: the price is wrong
When selling your business, brokers need to be realistic on price and put emotion to one side, says Paul Anscombe
Lloyd's broker sells majority share of business ahead of acquisition drive
Tasker & Partners has sold a controlling interest of its business to newly formed Tasker Ventures (TV) as part of a private equity deal.
Howden snaps up professional indemnity specialist, PYV
Hyperion’s broking subsidiary, Howden Broking Group, has acquired the core broking activity of professional indemnity specialists, PYV.
Central boosts Aberdeen presence with strategic acquisition
Central Insurance has acquired long-established Aberdeen firm Collins Halden & Burnett in a £2.6m deal.
RSA buys Oak Underwriting
RSA has confirmed the acquisition of Oak Underwriting for an undisclosed sum.
Invicta announces latest acquisitions
Invicta Insurance Services is set to complete it latest acquisitions which will add 2,500 customers and over £1m GWP to its portfolio.
Lyons in circus master role at Towergate
Towergate’s competitors will not see the “slightest” difference in its strategy following the appointment of Alastair Lyons as non-executive chairman.
Joint venture purchase of Quinn results in 30 UK redundancies
A joint venture of Liberty Mutual and Anglo Irish Bank has been announced as the preferred bidder for the general insurance business of Quinn Insurance.
Congregational invests in specialist broker
Congregational & General Insurance has purchased a minority shareholding in Solihull-based David Edwards Insurance Brokers.
Provident deal receives cautious welcome from brokers
MMA’s acquisition of Provident has been welcomed by brokers, but concern has been voiced over how the merger could impact on the variety of products available.
MMA to buy Provident Insurance
Covea Group owned insurer MMA has agreed a long touted deal to acquire the Halifax based motor insurer Provident.
Polly C – the hottest insurance gossip
Polly was surprised to hear rumours that a leading broker, that espouses the benefits of independence, was actually in the market for a buy-out.
Higos buys again in Devon
Higos Insurance has bought Plymstock Insurance Centre, near Plymouth.
Is 2011 set to be the year of the start-up or the consolidator?
The news that Towergate had lost a pre-action disclosure application in the High Court and been ordered to pay £17,000 in costs to Lorica Insurance Brokers came shortly after the announcement that the consolidator’s deal with Advent had created a £90m…
Profile: Hidden depths
CCV’s Michael Rea may not shout about it but he’s certainly made his mark at the consolidator. He talks to Martin Friel about his appetite for aquisition, the prospect of flotation and working for an industry ‘personality’
Ageas announces Castle Cover acquisition
Ageas UK has acquired intermediary Castle Cover for £52.8m. According to the insurer, the purchase will increase its customer numbers to around eight million.
Stackhouse Poland buys Allison & Partners
Stackhouse Poland has bought Plexstar Insurance Services, which trades as Allison & Partners, for an undisclosed sum.
CBG remains confident despite fall in profit and revenue
CBG’s results for 2010 have revealed a drop in pre-tax profits to £842,000 (2009: £1.03m) with revenue also falling by just over £1.2m to £7.7m (2009: £8.96m).
Bridle buys London broker
Bridle Insurance has made its first acquisition of 2011, London insurance broker Harrington Adams.
Towergate limbers up for acquisition run
Towergate Partnership has announced the appointment of Stephen Hinbest as head of acquisitions as it looks to strengthen its capability in this field.
Markerstudy goes for funeral directors
Markerstudy Group has acquired the business of Kent - based Beal & Co.
Management - broking success: step forward to look back
Emmanuel Kenning meets Duncan Macbeth of Macbeth Scott & Co as he prepares for retirement after more than 30 years as a broker and casts his eye over the insurance industry.