Mergers & acquisitions (M&A)
Oval’s Peter Blanc looks to the future
Peter Blanc, chief executive of Oval Group, has scotched rumours of the broker being up for sale and laughed off the suggestion of an IPO.
Higos targets more branches by end of 2012
Higos Insurance Services has its sights set on a "few locations" for the end of the year as it continues its South West expansion drive.
Hemel-based broker snaps up book from local rival
Hemel Hempstead-based broker Advanced Insurance Consultants (AIC) has acquired the book of business from ALH Insurance, for an undisclosed sum.
Brit sells to RiverStone
Brit Group has agreed to sell Brit Insurance Limited (BIL), its Financial Services Authority regulated insurance company, to run-off specialists RiverStone Group.
Cobra takeover deadline extended again
The board of Cobra Holdings confirmed on Friday that it was still in negotiations with Alto Intermediary Group but that the deadline for the takeover had been extended to 22 June.
Accounts reveal prices of Oxygen disposals
Oxygen Insurance's London-based specialist broking teams were snapped up by AJ Gallagher for £1.35m, according to documents lodged with Companies House.
MPW buys David Lynes Commercial
Maidstone-based MPW Insurance Brokers has bought David Lynes Commercial (DLC) for an undisclosed sum.
Direct Group makes second acquisition of 2012
Direct Group has acquired Simple Insurance from UK General for an undisclosed sum.
Cobra sale deadline pushed back again
Cobra Holdings has extended the deadline for its takeover deal for the third time.
Allanfield posts loss in first results since listing
Allanfield Group has reported a loss of £476,412 for 2011, compared with profit of £508,244 for the previous year.
R K Harrison buys Marsh businesses
R K Harrison has bought four businesses from Gibbs Hartley Cooper (GHC), a part of Marsh UK.
QBE appoints Ray Cox chairman in restructure
QBE has restructured its regional UK & Ireland operation.
Broking success: Buying in to growth
Barnett & Barnett managing director Neil Campling shares the firm’s reasons for selling and explains why professionalism is important to the business and the industry as a whole. Caitlin Morrison reports
Hyperion buys Windsor from management
Hyperion Insurance Group has bought Windsor from the management and employees and their institutional backer Hutton Collins Partners for £95m.
Giles not headed for IPO chief exec insists
Brendan McManus, chief executive of Giles Insurance Brokers, has hit back at claims the company’s backers are looking for an exit as he moved to dampen rumours of an imminent market flotation.
Giles losses for 2011 come in at £37m
Giles group has reported a further loss of £37.4m for the year to 31 August 2011 compared to £37.1m in 2010.
Cobra takeover deadline extended for Alto
The deadline for a deal between Cobra Holdings and Alto Intermediary Group has been extended until 7 June 2012.
Another broker enters administration
Castle Personal Insurance Brokers has entered administration as an expensive acquisition strategy went wrong.
RSA chief welcomes tough conversations with consolidators
RSA’s UK and Western European CEO Adrian Brown has revealed that having former colleague Brendan McManus and counterpart Mark Hodges running consolidators such as Giles and Towergate respectively was a help, rather than hindrance.
Gallagher buys over 50's specialist broker
Arthur J. Gallagher has bought 78.5% of Insurance Dialogue (IDL), a specialist broker for the over 50’s market trading under the Insure4Retirement (I4R) brand.
Ink increases PI footprint with IRS acquisition
Ink Underwriting Agencies has acquired Indemnity Risk Solutions (IRS).
Marsh sells part of HSBC business to R K Harrison
R K Harrison has acquired a portfolio of four businesses from Marsh UK.
Bartleet takes first step in growth strategy
Bartleet Enterprises has acquired Chesham Insurance Services.
County subsidiary completes first acquisition
County Insurance North West (NW), part of the County Group, has completed its first acquisition in the shape of Whitchurch Insurance Services.