Consolidation
Broking Success: Tip top service – Mathew Rowles, Malago Insurance Brokers
Following its 10-year anniversary, Malago Insurance Brokers’ founder Mathew Rowles has highlighted the importance of tip top service and being a “proper local broker” servicing all commercial lines needs.
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.
Zurich claims top 3 market position with Generali GI arm swoop
Italian insurance giant Generali has reached an agreement to sell its Irish and Northern Irish general insurance operations to Zurich.
Wakam enters motorcycle market with Top 100 broker tie-up
Wakam UK has entered the motorcycle insurance market, partnering with specialist intermediary Principal Insurance to bring what it describes as new underwriting capacity into the sector.
Bermuda insurer invests in MGA consolidator
The owner of UK MGAs Avid and Landmark, Bishop Street Underwriters, has announced that it has completed a strategic structured capital investment of $125m (£93m) by White Mountains Insurance Group.
Sompo swaps Stanford for Thaker as UK CEO after completing Aspen deal
Sompo has replaced its UK CEO Bob Thaker with his equivalent at Aspen, Sarah Stanford.
Prestige to become AUB’s primary UK retail brand
AUB Group has outlined its UK broking plans and signalled further M&A is on the cards, having signed up to buy 95.9% of Prestige Insurance Holdings for A$432m (£219m) last month.
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.
Swansea broker Compare buys £1.5m GWP book of clients
Swansea-based Compare Insurance has acquired the book of clients from Insure My Business, adding £1.5m gross written premiums to the business.
Zurich reaches agreement with Beazley over potential £8bn takeover
Zurich and Beazley have reached an agreement in principle for a deal worth potentially £8bn, clearing the way for a formal bid.
Beazley shares hit new high as Zurich reveals 1.5% stake in Lloyd’s target
Shares in listed Lloyd’s insurer Beazley hit 1,173 pence yesterday [2 February] after prospective suitor Zurich revealed it had acquired a 1.47% stake in the business as of 30 January.
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.