Consolidation
PIB buys Croydon-based BK Insurance Brokers
The broker is PIB's 26th deal and operates in the property, corporate, private clients and SME sectors.
Brokerbility has 12 new members in the pipeline
Executive chairman Ashwin Mistry says firm's income and GWP have been impacted by broker members selling up.
Ardonagh signs on to buy Bennetts from Saga
Ardonagh’s Atlanta division has exchanged contracts to purchase the motorcycle specialist broker.
Brokerbility posts mixed results for 2019
Firm reveals an increase in turnover but a drop in Ebitda for the year as it lists consolidation and Brexit as challenges affecting the business.
Clear Group acquires rights of light specialist
Lights & Legal managing director Dean Perkin will stay with the firm.
David Ross, CEO of Ardonagh Group - Taking on the world
Profile: David Ross, Ardonagh CEO, tells Insurance Age why he’s a lucky man and reveals his hopes for the group as he puts the challenges of the past five years behind him
GRP retains hub focus following Searchlight deal
The investment will help GRP continue to buy UK brokers according to newly promoted Mike Bruce.
Searchlight Capital Partners takes majority stake in GRP
The deal sees founders Peter Cullum and David Margrett retain a minority stake in the company alongside Penta Capital.
JLT costs reach $6.8bn at Marsh
Financial results also show that revenue grew 10.2% at Marsh in 2019.
Ardonagh eyes international growth
David Ross reveals expansion hopes and confirms more M&A targets in the UK.
Clark Thomson profits double as it sets Marsh integration date
Broker’s trade and assets will be integrated as part of Marsh in April or May 2020.
Searchlight believed to be final party in discussions with GRP – reports
GRP has been exploring sale and reinvestment options since last summer.
XL division absorbs Axa Corporate Solutions and Axa Art
Merger had originally been expected to be completed by the end of 2018.
Gallagher completes 100% Capsicum Re ownership deal
Business was founded in 2013 by Grahame Chilton and Rupert Swallow through a strategic partnership with Gallagher.
GRP buys Birrell Group to create Midlands hub
Broker becomes GRP's eighth major hub and will retain its brand, with all staff remaining with the business.
Finch buys Richmond-based Shene Insurance
Ethos-owned broker has now made ten deals in the last three years.
Tysers to absorb RFIB following acquisition
Deal to purchase parent company Risk Transfer Group has now completed.
GRP’s £68m acquisition spree revealed
Total covers 10 businesses that the group bought in the year to 31 March 2019.
GRP reaffirms acquisition strategy despite £17.9m loss
Accounting procedures and acquisition costs blamed as turnover and operating profit grow 48% and 173% respectively.
News analysis: Focus on smaller brokers heats up the M&A market
Consolidators have shifted to concentrate on the smaller end of the broking sector, Martin Friel investigates why
GRP silent as potential buyers named
Searchlight and Apax Partners are believed to be in talks with the consolidator over taking a stake in the business.
PIB acquires motor specialist Cooper Solutions
Firm has provided a daily rate insurance product through PIB-owned Cooke & Mason since 2004.
PIB makes double acquisition announcement
Group will purchase CMR Insurance Services and Sue Smith Ltd subject to regulatory approval.
Greenwood Moreland buys Scottish broker
The deal takes the number of Greenwood Moreland offices to three.