Mergers & acquisitions (M&A)
News round-up: July/August 2010
A brief round up of news from the secto.
Bridle makes another acquisition
Bridle Insurance has acquired Southampton Insurance Services and Simple Insurance Solutions in a six figure deal.
Fairpoint buys Moneyextra.com for £1
Fairpoint Group has acquired 100% of the share capital of Moneyextra.com in a bid to extend the group from a debt solutions business into a broader-based financial solutions company.
Hill Dickinson confirms Halliwells acquisition
Hill Dickinson has acquired Halliwells’ Liverpool and Sheffield operations.
Bridle Insurance continues on acquisition trail
Bridle Insurance has acquired Leicestershire-based niche personal lines specialist Abbot Insurance for a six figure sum.
News analysis: Fortis snaps up Kwik Fit
Fortis has expanded with the £215m cash purchase of Glasgow-based Kwik Fit - including Express and Green Insurance - from Kwik Fit Financial Services.
The PB interview - Bill Cooper: Bright light in the gloom
Andrew Tjaardstra meets Bill Cooper, managing director for insurance in the financial institutions division at Lloyds TSB Corporate Markets. Despite being cautious about prospects for brokers as the UK's economic malaise continues, the firm is very much…
Marsh restructures Scottish leadership team
Marsh has announced senior appointments to its Scottish national corporate business, which provides risk and insurance advice for mid to large size corporates.
Halliwells files second notice to avoid administration
Halliwells has filed a second notice of intention to appoint an administrator in an effort to extend discussions on the sale of the firm without entering into administration.
MRIB buys J.N. Dobbin
High Wycombe based commercial and high net worth broker MRIB has bought local rival J.N. Dobbin for an undisclosed sum.
CCV buys Newcastle based Bishop Skinner
Cullum Capital Ventures has confirmed the purchase of Newcastle based broker, Bishop Skinner, its fifth acquisition of the year.
Fortis buys Kwik Fit insurance business
Kwik Fit has announced that it has entered into a binding agreement to sell its UK insurance business to Fortis for £215m in cash.
Glacier to be renamed following its acquisition
Torus has today completed the acquisition of Glacier Insurance AG from the Glacier Group.
Flurry of broker buys completed before CGT hikes come into play
A raft of broker acquisitions were completed before the rise in Capital Gains Tax (CGT) came into force.
Henderson secures £4.5m finance facility
Lloyds TSB Corporate Markets has revealed that it provided Henderson Insurance Brokers with a £1m finance facility to aid its acquisition of Leeds-based broker Denny O'Hara.
Knowlden Titlow hires sales and marketing manager
Former Towergate employee Michael Buse has been appointed sales and marketing manager at Norwich-based Knowlden Titlow Insurance Brokers.
Cooper Gay and Swett & Crawford confirm deal to create broking giant
Cooper Gay, the London-based independent wholesale, reinsurance and specialist retail insurance broker, and US wholesale broker Swett & Crawford have confirmed they are in advanced deal discussions.
Moorhouse targets £5m GWP broker acquisition
Welsh broker Moorhouse has announced that it is looking to complement its organic growth with the acquisition of an insurance broker up to £5m gross written premium (GWP).
Knowlden Titlow remains independent after sale
Norwich based commercial broker Knowlden Titlow Insurance Brokers has confirmed future growth plans following its acquisition by Robin Plaster for an undisclosed fee on 20 May.
Bridle Insurance expands into Wales
Bridle Insurance has announced the purchase of Swansea-based broker Associated Householders Services, which is better known as AHS Insurance.
CCV snaps up broker
Cullum Capital Ventures (CCV) has announced the acquisition of Hertfordshire-based brokers Humbergrove and Humbergrove UK.
Bluefin acquires another broker
Bluefin has acquired St Albans-based Gilbert Business Insurance Brokers (GBIB), Insurance Age has learnt.
Invicta makes four acqusitions
Invicta Insurance Services has made four acquisitions, which are all effective from 1 June 2010.
News: A series of broker buys fuels an increase in acquisition activity
The recent flurry of insurance market acquisitions has continued with a number of broker buys.