Consolidation
Momentum AR Malago buys fellow firm Mulberry
Bristol-based Malago Insurance brokers has bought Mulberry Insurance Brokers, following the retirement of its principal Keith Johnson.
Partners& deal prices revealed
Partners& paid out £15.2m for five purchases made in the year ended 31 March 2023, a filing at Companies House has revealed.
Arch to sell MGA platform Castel to Ryan Speciality
Ryan Specialty has signed a definitive agreement to acquire Castel Underwriting Agencies from Arch Financial Holdings (UK) and minority shareholders.
Analysis: Aon’s £10.6bn NFP takeover not enough for it to replace Marsh as largest global broker
Aon’s £10.6bn acquisition of NFP earlier this week will not be enough to help it supplant Marsh McLennan as the world’s largest broker, according to a report.
Linked integration and organic growth key to JMG success, says CEO Houghton
Delivering on integration is “a bit of an obsession”, JMG Group CEO Nick Houghton told Insurance Age, as the broker posted rising Ebitda for 2022/23.
JMG deal bill tops £60m as purchases and organic growth boost Ebitda
Augusta Topco, the holding company for JMG Group, faced a bill of £63.2m for seven broker buys in the 2022/23 financial year, far outstripping the £17.3m of acquisition costs the year before.
Aon to buy NFP from Ardonagh investors MDP and HPS for £10.6bn
Aon has agreed to acquire rival US broking firm NFP for a total consideration estimated to be $13.4bn (£10.6bn).
Ardonagh notches up seventh broker buy of 2023
Ardonagh Advisory has announced plans to acquire Westfield Brokers, its seventh broking buy of 2023.
Brown & Brown snaps up South Wales broker R McGee
Brown & Brown (Europe) has bought out R McGee Insurance Brokers based in Maesteg, Glamorgan, for an undisclosed sum.
Jensten buys Scrutton Bland in East Anglia
Jensten has added to its footprint in East Anglia buying Scrutton Bland Insurance Brokers to follow up its purchase of One Broker, which completed last month.
How is broker M&A shaping up for acquirers and consolidators in 2024
With Insurance Age reporting on more than 100 broking deals alone in 2023, there still seems to be a healthy appetite for mergers and acquisitions in the sector. Saxon East reflects on the last 12 months and asks what the future has in store for further…
Clear Group widens reach with launch of European arm
Clear Group has launched a holdings business in Continental Europe, as it looks to make its first acquisition in the area, Insurance Age can reveal.
Ardonagh buys RiskSTOP Group
Ardonagh Advisory has purchased RiskSTOP Group, a provider of risk management surveys and ancillary services to the UK insurer and broking communities.
SRG nets biggest deal to date with CBC buy
Specialist Risk Group has agreed to acquire London-based professional lines specialist, CBC Partnership.
Review of the Year 2023: Axa’s Sarah Mallaby
Sarah Mallaby, Axa commercial distribution and trading director, reflects on the insurer’s cautious exploration of the opportunities afforded by AI and pushing the boundaries in ‘green’ schemes business.
Hallsdale Insurance buys ABR Insurance
The Broker Investment Group-backed Hallsdale Insurance has bought Allbright Bishop Rowley Insurance, based in Leicester.
Broking Success: Reputation and referral key to growth
Blackford Insurance founder and managing director, Tom Aldridge, is looking to double the business in the next five years.
PSC confirms profit, Turner Rawlinson bill and latest buy
Australian-owned consolidator PSC Holdings UK has revealed a post-tax profit of £795,000 for retail broking, alongside a £6m bill for buying Turner Rawlinson and a further deal in 2023.
Dickson & Co buys Kerr Group
Dickson & Co has added Kerr Group to the business – its latest deal in a series of acquisitions and expansions as part of its £7m investment.
Energy and growth key to Romero deal, says AssuredPartners boss
AssuredPartners stands ready to help push the Yorkshire-based firm on its growth journey, says UK & Ireland CEO.
Brown & Brown’s PCH arm notches up two more deals
Brown & Brown Europe-owned Premier Choice Healthcare has completed two more acquisitions.
AssuredPartners buys again in South West with Atom
AssuredPartners has bought Somerset-based Atom Insurance Brokers.
Romero ready to roll forward after AssuredPartners deal, says MD
Romero has found a “great” new home, and is ready to continue its growth journey under the new ownership of AssuredPartners, having doubled in size over the past five years.
Brown & Brown’s South East hub Greens buys Nsure
Brown & Brown has bought Worthing-based Nsure, a specialist commercial Chartered insurance broker with a focus on renewables.