M&A expert ‘sceptical’ over Intact’s UK broker investment push
The move by the wider Intact Group to acquire a stake in a UK broker is unlikely to lead to a tide of others doing something similar.
That is the view of MarshBerry managing director Olly Laughton-Scott, who noted people had “short memories” given the recent track of insurers investing in brokers such as Axa with Bluefin and Groupama with Bollington Wilson and Lark.
In response to a question from the Broker Expo roadshow audience in London last week about whether he expected others to follow Intact, which acquired a minority stake in top 100 broker Adler Fairways parent UKGI Group last year, Laughton-Scott said: “I am sure they
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Markel raids another senior hire from Axa and one from Intact
Markel Insurance has hired from Axa again appointing Joanne Foreman as head of broker change, and taking Laura Fox from Intact.
Seventeen opens 2026 M&A account with double deal
Seventeen has struck a brace of deals snapping up Citrus Healthcare and Smith England Insurance Brokers adding £12m in gross written premium to the group.
Bexhill report shines spotlight on broker ownership
Premium finance lender Bexhill UK has crunched the numbers on the broking sector, with CEO Ravi Takhar warning that truly independent owner-managed regional brokers are slowly becoming ‘a thing of the past’, Insurance Age can reveal.
SiriusPoint restructures and Gibbs exits
SiriusPoint has confirmed international CEO Rob Gibbs is leaving the business as it restructures into four areas.
Broker bosses outline importance of shifting the focus from price to value
Brokers could be missing valuable income and leaving clients exposed if they don’t shift the conversation from price to value.
FOS and FCA reveal next steps for system reform
The Financial Ombudsman Service and Financial Conduct Authority have outlined the next steps on their joint work to modernise the redress system.
Japanese insurer Mitsui Sumitomo completes 15% investment in W.R. Berkley
Mitsui Sumitomo Insurance has completed its acquisition of 15% of W. R. Berkley Corporation’s common stock.
Brokers asking MGAs for more digital products
Brokers are asking for more digital products and greater transparency in capacity tenures from managing general agents, according to MGAA boss Mike Keating as he highlights an uptick in incubator start-ups.