Consolidation
Brokers have mixed reaction on Zurich/Beazley deal
Insurance brokers have given a mixed response to the potential Zurich/Beazley deal highlighting the acquisition would create a “strong proposition” and could create opportunities but noted another competitor leaving the market as a medium-term worry.
Broadway targeting 50% growth in 2026 on way to £50m GWP within 5 years
Broadway CEO Daniel Lloyd-John is keen to avoid complacency as it seeks to become the optimal size and shape for a ‘boutique broker’, and highlights the opportunities in its ‘one client’ cross-selling approach.
Cullum and McCaffrey on Minority Broker Partnerships’ aim to hit £100m GWP by end of 2026
Launched without much fanfare, Minority Broker Partnerships reunites Peter Cullum and James McCaffrey into the intermediary investment space. However, as the pair tell Jonathan Swift the market has changed since their last attempt - with younger brokers…
Clear snaps up Gauntlet to bolster Brokerbility network
Clear Group has acquired Gauntlet Appointed Representative Network and Gauntlet Retail Brokers to expand its existing Brokerbility offering.
Tysers and Movo owner AUB to acquire Prestige creating £720m UK business
AUB Group has agreed to buy 95.9% of Prestige Insurance Holdings for A$432m (£219m).
Beazley reveals it rejected higher £8.4bn Zurich proposal in 2025 as it dismisses latest approach
Lloyd’s insurer Beazley’s board has rejected Zurich’s recent £7.67bn takeover proposal, revealing it dismissed a higher offer valuing it at £8.4bn in June 2025.
Zurich ups Beazley bid after offer rejected for ‘significantly undervaluing’ target
Zurich has submitted an improved proposal to the board of Beazley worth 1280 pence a share, valuing the insurer at £7.67bn.
Blog: Last year reaffirmed the importance of MGAs as the market turns to 2026
The past year tested global dealmakers with persistent economic, geopolitical and regulatory uncertainty, yet 2025 ultimately proved far more resilient than many expected, writes Jamie Richards, head of M&A at Ripe, a UK digital MGA.
Lloyd’s broker Servca acquires specialist PI book
Superian Insurance Group has acquired the renewal rights for O3 Specialty, a broker that specialises in professional indemnity cover for financial advisers.
PE house Inflexion to invest £200m in new broker M&A platform
Inflexion, a European mid-market private equity firm, has launched an insurance broker platform looking to deploy £200m in M&A investment over the next four to five years, beginning with acquiring Ascend Broking Group.
JMG spend on deals surges to new high in year before PE investment
JMG Group spent £89.62m on buying in 2024/25, the financial year ahead of private equity firm GTCR investing alongside existing backer PE house Synova and the broker’s leadership team.
Seventeen Group boosted turnover but losses widened in run-up to PE investment
Seventeen Group grew turnover by 16.4% to £52.76m in 2024 helped by 11 acquisitions however the cost of the deals hit the bottom line.
SRG starts 2026 buying with Kennett
In its first deal of the year, Specialist Risk Group has agreed to buy Kennett Insurance & Risk Management, which has offices in Hull and Leeds.
Interview: Phil Barton and Ewan MacDonald, Partners&
Partners& leaders Phil Barton and Ewan MacDonald on phase three of the broker as it hits profitability ahead of schedule and plans to near double in the next three years.
Partners& seals first deal of 2026 with North East buy
Partners& has made its first acquisition of the year with the purchase of STP Risk Solutions, a chartered insurance broker based in Hull.
Jensten reveals deal hattrick
Jensten Group has bought Broker One in Scotland, Coversure Dudley and Mediprotect Healthcare.
Quietest Q4 and annual M&A totals in years, says MarshBerry
There are “arguably no immediate catalysts that will likely push deal activity up to 2023/24 levels for the foreseeable future”.
The numbers that reveal the true extent of the 2025 broker deal slump
The number of UK broker deals halved in 2025 to the lowest level in the three years since Insurance Age started its interactive map series, with the fall coming despite the number of buyers remaining steady.
MGA Uris Group seals first acquisition post-Ardonagh split
Specialist personal lines MGA Uris Group has acquired Lutine Assurance Services from Ardonagh Group as it looks to diversify its offering for brokers.
TBIG closed 2025 with seventh deal
The Broker Investment Group completed its seventh deal of 2025 at the end of December backing The Needham Group to buy Black Lion Broking Services.
Cardiff regional review: Competition not exterminated by consolidation
Insurance experts in Cardiff outline the diversifying businesses in the media and sporting hub city, and highlight the competitive nature of the market with one broker per village on the outskirts.