Consolidation
PIB ends sales talks and reveals £400m debt raise
PIB Group has confirmed the end of “recent acquisition conversations”, drawing a line under the sales process with the comment that it is “appreciative of the attention it has received in the market”.
Clear strikes deal for Surrey-based CR Toogood & Co
Clear Group has bought £14.5m gross written premium commercial broker CR Toogood & Co.
Atec buys Moorhouse from Lucida
Atec Group, owner of digital niche personal lines broker Ceta and managing general agent Arkel, has added to its stable and moved into the SME market buying Moorhouse from Lucida.
Brown & Brown announces major acquisition
Brown & Brown has entered into an agreement to acquire RSC Topco, Inc, the holding company for Accession, the ninth largest privately held insurance brokerage in the United States, for $9.83bn (£7.3bn).
AssuredPartners deal still expected to close in second half of the year, says CEO Pat Gallagher
Gallagher is “playing it right down the middle of the fairway” with the US Department of Justice and still expects to close the deal for AssuredPartners in the second half of the year, according to CEO Pat Gallagher.
Freedom sells broking arm to top 100 broker to focus on MGA business
Niche motor specialist One Sure Insurance has acquired fellow Top 100 UK broker Freedom Brokers, Insurance Age can reveal.
TBIG backs Deva to buy David Vaughan & Co
The Broker Investment Group-backed Deva Risk Group has bought insurance broker David Vaughan & Co, adding offices in Dolgellau and Machynlleth, North Wales.
Biba 2025: Laura Hancock urges independents not to give up
Laura Hancock, managing director of Yutree Insurance, has urged independent brokers not to give up, as she acknowledged regulation and other factors being difficult at the moment.
Acrisure UK boss happy with deal pipeline as he dismisses “myth” of diminishing targets
The boss of Acrisure’s UK retail business has rebuffed suggestions it has missed the boat in terms of having the best pick of suitable broking acquisitions – and pointed to its ownership structure and “myth” about size of potential target base as factors…
JMG confirms new investor
Chicago-headquartered private equity house GTCR has invested in JMG Group alongside existing backer Synova and the broker’s leadership team.
Interview: Bob Pybus, CEO of AUB UK Retail
Having been named CEO of AUB UK Retail last September, Bob Pybus reflects on his route to the role, tells Insurance Age about the deals struck so far and shares his plans to grow to a £1bn business.
Partners& strikes pair of deals
Partners& has bought Glasgow-based Blackford Group and Directors & Professionals, a commercial broker in Tunbridge Wells, in its first deals of 2025.
AUB UK Retail targeting 25 deals in 18 months
AUB UK Retail is looking to make 25 buys before the end of next year, with CEO Bob Pybus eyeing up building a £1bn premium business through acquisitions and organic growth, Insurance Age can reveal.
Interview: Mike Crane, SME & Specialty director at Axa Commercial
In his first interview since starting at Axa Commercial as SME and specialty director this January, Mike Crane tells Insurance Age about his key message to brokers at the upcoming Biba Conference, what he has found at his new home and his plans for the…
JMG strikes first deals of 2025 with triple swoop
JMG Group has made a trio of acquisitions in its first deals of 2025, having been the most active consolidator last year with 16 buys.
Policy Expert has “clear focus” on UK with plans to double the business
Personal lines specialist Policy Expert is targeting organic growth in the UK, with plans to double the business in the next three to five years, according to CEO Steve Hardy.
Gallagher tipped to win the race for PIB
A deal for Gallagher to buy PIB is said to be “80% done”, sister title Insurance Post has revealed.
Brown & Brown buys SME broker
Brown & Brown (Europe) has bought Irvine Commercial Insurance Brokers in its third deal of the year.
Ageas claims ‘number three’ UK personal lines position with £1.3bn Esure deal
Ageas has reached an agreement with Bain Capital to acquire Esure to create what it claims is the third largest UK personal lines player.
TBIG broker nears £10m with latest acquisition
The Broker Investment Group has secured its second deal of 2025.
Fairchild: broker deal slowdown highlights need for “fresh approach” to M&A
The mooted decline in broker merger and acquisition activity in the UK means it is the right time to introduce a new approach to deal-making.