Mergers & acquisitions (M&A)
Axa XL reveals global restructure
Provider to create a single global insurance underwriting function and form three geographical business units across the Americas, Eurasia and the UK & Lloyd’s market.
One Sure's MD on why he bought Staveley Head
Chris Lear explains why the broker, which went into administration last month, was a good buy for One Sure Insurance.
Covid-19: Broker M&A numbers predicted to drop
But the consolidators say their models have not changed as a result of the coronavirus.
Ethos Broking buys Compass member
The organisation purchased Hughes & King for an undisclosed sum adding £4m in GWP to its business as it presses on with pipeline amid Covid-19.
Blog: When is a consolidator, not a consolidator? The question Barton, Jelf and Reid’s Partners& hopes to answer
This week saw the launch of new broking business Partners&, bringing together a quintet of players to form a business which is positioning itself as distinctly anti-consolidator. Insurance Age content director Jonathan Swift looks at what this means; and…
Troubled Staveley Head sold by administrators
Stoke-on-Trent broker One Sure Insurance has bought the Wales broker which collapsed earlier this year.
GRP hub Greens announces two deals
Green Insurance Group has bought Brighton-based RT Williams Insurance Brokers and its appointed representative NIB Insurance Brokers.
Commercial director Euros Jones leaves LV
Move comes after LV completes the transfer of its commercial lines business to Allianz.
Phil Barton and Stuart Reid launch broker
The venture, which is a combination of five existing brokers - MRIB and Independents, La Playa, CGI and Versatile - is led by former Jelf boss Barton, with Chris Jelf as commercial director.
ReSolution Underwriting buys Trilogy MGA
MD Chris Blackwell will continue to lead Trilogy as the MGA states it does not expect any changes to the business following the deal.
News analysis: Aon creates world’s biggest broker with Willis Towers Watson deal
Brokers broadly welcome deal between broking giants and look forward to opportunities created
Vantage-owner NSM buys Kingsbridge
Deal sees private equity firm Dunedin exit the specialist broker.
Aon/WTW: Independent broker values set to rise following deal
Deal creates UK broker “unicorns” as Marsh moves to number two on the global broking table.
Analysts say Aon tie-up benefits Willis Towers Watson
However, Mazars' Simon Fitzsimmons flags that the deal, which will see Aon become the largest broker in the world, still needs to be approved by the Competition and Markets Authority.
A-Plan buys Cotters Insurance Brokers
The personal lines specialist has bought the Northampton-based SME commercial expert.
Aon and WTW deal expected to result in savings
Business expects to pay around $1.4bn in integration costs.
PIB makes motor trade move
The organisation has purchased a Top 100 broker to strengthen its motor proposition.
Aon to merge with Willis Towers Watson to create $80bn company
The $30bn deal will see the combined business operate under the Aon brand led by Aon CEO Greg Case, with the transaction expected to go through in the first half of 2021.
Sam White's Freedom expands into home with insurtech deal
Freedom Services Group's purchase of Aventus-driven broker Homelyfe was revealed earlier this week.
Ethos Broking creates Midlands hub
The organisation has purchased Perry Appleton which is based in Rugby and controls £7m in GWP.
GRP-owned Sagars buys Preston broker
Anderson Ashcroft has been bought for an undisclosed sum.
Saffron buys Romford-based C&M Insurance
Deal is the broker's seventh since it was bought by Ethos Broking in 2018.
GRP hub Greens makes first deal of 2020
Broker buys Hastings-based SME and personal lines specialist Manor Insurance Services as it reveals it has more deals in the pipeline.
Sutton Winson snaps up health and protection broker
Broker says acquisition of Flexible Health will allow it to expand its private medical insurance offering to individuals.