News/Management
TBIG makes fourth major investment of the year
The Broker Investment Group has increased its stake in Callaway & Sons Insurance Consultants, located in Chelmsford, Essex to 100%.
Adler Fairways makes string of purchases
Adler Fairways has completed two purchases this month through the acquisitions of ACM Broking and Primassure, taking the total in the past 12 months up to five.
Momentum AR Malago buys fellow firm Mulberry
Bristol-based Malago Insurance brokers has bought Mulberry Insurance Brokers, following the retirement of its principal Keith Johnson.
UK brokers given unique access to Swiss market with new agreement
The Government has signed a joint financial services agreement with the Swiss authorities that will allow UK insurance brokers to continue to trade in Switzerland without the need to establish a base there.
Analysis: Aon’s £10.6bn NFP takeover not enough for it to replace Marsh as largest global broker
Aon’s £10.6bn acquisition of NFP earlier this week will not be enough to help it supplant Marsh McLennan as the world’s largest broker, according to a report.
Ardonagh buys RiskSTOP Group
Ardonagh Advisory has purchased RiskSTOP Group, a provider of risk management surveys and ancillary services to the UK insurer and broking communities.
AssuredPartners buys CIA Insurance
AssuredPartners has purchased Rugby-based CIA Insurance, a specialist landlord insurance broker.
Hallsdale Insurance buys ABR Insurance
The Broker Investment Group-backed Hallsdale Insurance has bought Allbright Bishop Rowley Insurance, based in Leicester.
Sedgwick names Neil Gibson as CEO in the UK
Neil Gibson has been appointed CEO of Sedgwick in the UK, stepping up from chief operating officer of the business’ operations in the UK, New Zealand, Middle East, Africa and Asia.
NBJ rebrands as Verlingue London Markets and adds senior quartet to team
Verlingue has relaunched its Lloyd’s and London market arm after rebranding NBJ London Markets and announcing several senior hires.
Axa UK backs Labour Party pledge to appoint a Minister for Resilience
Axa has welcomed Labour’s commitment to appoint a Minister for Resilience if elected to Government at the next election.
Insurance Day for Dementia returns on 30 November
Individuals and firms across the insurance sector will unite in a collective effort on 30 November, to participate in the Insurance Day for Dementia to raise money for Alzheimer’s Society.
Jensten swoops for White Rose
Jensten has bought the business of White Rose Insurance Solutions in a deal that bolsters its regional centre in Yorkshire and Humberside.
Broker Expo 2023: Culture is vital to attracting and motivating staff
Culture is a significant factor in recruitment and attracting people to the insurance industry, during the most difficult period for hiring in the broker market’s history.
Broking M&A specialist Imas acquired by global advisory firm
MarshBerry, a global M&A advisory firm for insurance brokers and wealth management firms, has acquired Imas Corporate Finance.
PIB promotes Zach Gray to CEO of specialty division
PIB Group has promoted Zach Gray from deputy to CEO of its speciality division succeeding Steve Redgwell who has taken on the role of chair.
Aviva boosts UK SME and HNW proposition with £460m AIG Life swoop
Aviva has bought AIG Life from Corebridge Financial, a quoted subsidiary of American International Group, for £460m.
MGA Iprism notches up second post-MBO buy with SK deal
Managing general agent Iprism has bought property specialist SK Underwriting for an undisclosed fee.
R&Q in ‘advanced’ talks for sale of Policy Expert capacity backer Accredited
R&Q Insurance Holdings has admitted that it is in advanced discussions with Canadian investment business Onex for the sale of its fronting business Accredited.
Greenwood Moreland lands biggest deal since JMG Group-backed MBO
Greenwood Moreland has added to its presence in Scotland with the purchase of Glasgow-based Calcluth & Sangster Insurance Brokers.
Jensten strikes biggest deal to date as its snaps up One Broker
Jensten has made its largest acquisition to date, acquiring East Anglian-based One Broker Group for an undisclosed amount, subject to regulatory approval.