Consolidation
PIB buys RBIG
PIB Group has bought Manchester based commercial broker RBIG including RBIG Corporate Risk Services and RBIG Financial Services.
Ten Insurance swings back to profit in 2022 before Acrisure sale
Appointed representatives network Ten Insurance Services swung back to a post-tax profit of £305,789 in 2022, reversing a loss of £101,425 in 2021.
Think Insurance buys Ashby Wray
Think Insurance Services, a specialist motor broker based in the West Midlands, has struck its second deal buying Ashby Wray Insurance Brokers.
Rebranded GRP reveals loss and deal spend for takeover year
Global Risk Partners, now known as Brown & Brown Europe, spent £150m on 18 deals in the past nine months of 2022 as the sale of the consolidator completed, according to a filing at Companies House.
Partners& takes on Hall Insurance Services
Partners& has expanded in the South East with London-based Hall Insurance Services.
Clear completes hat-trick buying Bluestone in Cirencester
Clear Group swooped for its third deal in September buying Bluestone Insurance Services to boost its presence in the South West.
MGA Iprism notches up second post-MBO buy with SK deal
Managing general agent Iprism has bought property specialist SK Underwriting for an undisclosed fee.
SRG reveals Hamilton Leigh cost as turnover grows 21% in 2022
Specialist Risk Investments’ bill for buying motor trade specialist Hamilton Leigh in 2022 totalled £11.52m, according to a filing at Companies House.
Ripe Thinking notches up first buy with boat insurance specialist
Insurtech broker Ripe has completed its first acquisition by snapping up specialist boat insurance provider, Craftinsure.
Brown & Brown Europe to buy Occam Underwriting
Brown & Brown Europe, recently rebranded from Global Risk Partners, has signed up to buy 100% of space and terrorism specialist managing general agent Occam Underwriting.
As UK M&A targets dwindle could team hires offer consolidators a new path to growth?
An ongoing feature of the London market, there are signs team lifts and hires might soon be on the rise in the UK retail space too, writes Saxon East.
‘Investing in small brokers’ – Clear snaps up Kent property owners’ specialist
Clear Group has snapped up Kent-based broker Miles Archer as its latest acquisition.
Markerstudy deal will deliver steroid like boost to Atlanta, says Donaldson
Ian Donaldson, Ardonagh Retail CEO and inbound Markerstudy Retail CEO, has hailed the proposed merger as being able to boost growth, product footprint and acquisitions but declined to be drawn on any interest in RSA’s personal lines business.
With Atlanta sold, what will Ardonagh do with the funds it pockets?
Jonathan Swift looks at Ardonagh’s recent growth, and suspects that a larger percentage of the £820m windfall from the Atlanta sale is going to be spent overseas rather than at home.
Greenwood Moreland lands biggest deal since JMG Group-backed MBO
Greenwood Moreland has added to its presence in Scotland with the purchase of Glasgow-based Calcluth & Sangster Insurance Brokers.
Markerstudy CEO Spencer targeting Admiral’s crown as UK’s top PL player after Atlanta deal
Markerstudy is only £301m of gross written premium away from potentially overtaking Admiral as the UK’s largest personal lines player after the £1.2bn Atlanta deal last week, according to its CEO Kevin Spencer.
Markerstudy to merge with Atlanta Group in £1.2bn deal
Markerstudy has today confirmed plans to merge with Ardonagh’s personal lines broking business Atlanta Group, in a deal that creates a business that transacts £3bn of GWP annually and employs 7300 people.
Clear buys Heath Crawford & Foster as MVP exits
Clear Group has bought 100% of Heath Crawford & Foster, adding £18m of gross written premium to the growing consolidator.
Barry Fehler - 60 years on the broking frontline
SEIB founder Barry Fehler reflects on his six decades in broking, covering everything from regulation to consolidation, as well as his support for the Institute of Insurance Brokers and the decline in market personalities. David Worsfold was there to…
GRP rebranded to Brown & Brown (Europe)
Global Risk Partners Limited has been rebranded to Brown & Brown (Europe) Limited, a filing at Companies House has confirmed.
Jensten strikes biggest deal to date as its snaps up One Broker
Jensten has made its largest acquisition to date, acquiring East Anglian-based One Broker Group for an undisclosed amount, subject to regulatory approval.
Acrisure adds Modus to MGA portfolio
Acrisure has bought Modus Underwriting, its first MGA acquisition of the year.
Brokers warn RSA not to lose NIG’s ‘sparkle’ in takeover as market diversity diminishes
Brokers have expressed their sadness at losing another market, but acknowledged the proposed takeover of NIG by RSA could be superb for both parties – provided the integration is handled properly.
RSA swoops for NIG and FarmWeb in £520m deal
Intact Financial Corporation and its subsidiary RSA have reached an agreement with Direct Line Insurance Group to acquire its brokered commercial lines operations, including NIG and FarmWeb.