Howden has confirmed Insurance Age’s exclusive story that it has bought Reich Insurance Group.
Clear Group has acquired Sheffield-based broker IFM Insurance Brokers.
Howden has bought Reich Group for an undisclosed sum, Insurance Age can reveal.
Jensten Group has bought schemes broker Darwin Clayton for an undisclosed amount.
The Broker Investment Group-backed Beam Insurance has snapped up a medical insurance broker, and has plans to ramp up acquisitions.
Global Risk Partners-owned Premier Choice Healthcare has bought Visibly Health and, separately, a book of business controlled by self-employed consultant Gill Nicholson.
Global Risk Partners has ramped up its acquisition spree again, buying Shropshire-headquartered Henshalls Insurance Brokers for an undisclosed sum.
The Financial Conduct Authority has approved PIB buying Jigsaw Insurance Services Plc, as the consolidator eyes a significant push into the personal lines market.
Hamilton Fraser has bought London-based commercial lines broker Edmondsons.
DR&P Group has bought Macclesfield-based Lloyd Bolam Insurance Brokers for an undisclosed sum.
Howden-owned Aston Lark has agreed terms to buy Allegiance Insure in its first acquisition of 2023.
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PIB Group has moved into the Italian market with its latest buy, expanding its portfolio, which already included offerings in Ireland, Germany, Poland, Spain and the Netherlands.
Howden Group CEO, David Howden, has praised the “very strong” and “across the board” organic growth in the business’ UK “pillars” as he revealed the progress at Aston Lark and A Plan.
International insurance group Howden has reported 19% organic revenue growth for 2022, the year it completed the purchase of Aston Lark.
Gallagher has posted organic growth in the UK of 17% for the final quarter of 2022.
Movo Partnership network has bought CCS Insurance adding £1.8m of gross written premium and three staff to the group.
NFP has added to its UK portfolio buying West Midlands-based health and safety consultancy Direct Safety Solutions.
Having hit £200m gross written premium years ahead of schedule, JMG Group is targeting doubling over the next three years, CEO Nick Houghton revealed to Insurance Age.
Ardonagh is planning to bring Enda Kenny, former Taoiseach in the Republic of Ireland from 2011 to 2017, into the company, a spokesperson has confirmed.
JMG Group’s ultimate holding company, Augusta Topco, picked up a bill of £17.26m for buying brokers in the financial year ended 31 March 2022, and followed it up with a further £57.7m outlay in the rest of the calendar year.
Global Risk Partners has made its third purchase of 2023, snapping up BPW Insurance Services in its first Welsh buy of the year.
Initial analysis by Imas has detailed that mergers and acquisition deals for UK general insurance distribution firms dropped by around 35% in 2022, with fewer than 100 transactions announced versus 148 in 2021.
Jensten Group has bought Coversure Kidderminster for an undisclosed amount, following on from the purchases of Coversure offices in Nottingham and Stamford last year.