Centerbridge and Platinum Equity have pulled out of discussions "by mutual agreement" as AA continues to explore options including an equity raise.
The sale of A-Plan to Howden is believed to be valued at up to £700m.
Carl Shuker will continue to lead the personal lines specialist.
Partnering with private equity may help brokers succeed during what looks set to be a complex, challenging, but potentially rewarding period, argues Andrew Backen, partner, Equistone Partners Europe.
Consolidator makes Dublin-based Crotty Insurance Brokers its Irish hub as it announces plans to make further deals in the Republic of Ireland.
Government body says Ardonagh and Bennetts have five working days to address the CMA’s concerns, after it found that the merged company would face “only little competition” from other much smaller motorcycle insurance specialists.
Peter Blanc says London Market is priority for the broker and reveals MGA/underwriting hopes as the business buys Lloyd’s broker Brunel Professions.
The three potential buyers have an additional four weeks to make a bid for the AA as the motor specialist says discussions are progressing.
The agreement was originally announced in March this year and will see the creation of the world’s largest broker.
MD Julie Gibbons discusses the broker's rebrand, acquisition plans, opening up after lockdown and how the business has ended up with a female majority in management roles.
Group CEO Paul Moors chats to Insurance Age about the broker’s Watson Laurie deal, future growth plans and cutting ties with Gefion.
Guy Penn & Co becomes the latest Ethos regional broking powerhouse.
The business bought trade credit brokers Credit and Business Finance in March 2019 and Credit Risk Solutions in October 2017.
The MGA, which specialises in the construction, leisure and commercial sectors, brings £20m of GWP to Ardonagh and will operate within Geo Specialty Group.
Stuart Grieb joins the consolidator as regional managing director for the South, while Chris Haggart moves to take on wider responsibilities across GRP's retail division.
The GRP-owned business has purchased Cheshire-based Britannia Consultants Services.
Both Aon and WTW are holding extraordinary general meetings for shareholders on 26 August.
Broker reveals it recently undertook a strategic restructure, creating a single insurance division, and completed a deal for broker Robertson-McIsaac.
Broker states it has a number of deals in due diligence and expects to add to its portfolio soon.
Ardonagh’s £26m purchase of the motorcycle specialist approved by the FCA, but the ongoing CMA inquiry looking at how the transaction impacts competition in the market continues.
The firm has purchased Incepta for an undisclosed sum.
Northern Irish brokers to begin trading as AbbeyAutoline from 1 September
Bennett Christmas is part of the Ethos broker stable and adds the professional indemnity specialist to its portfolio.
The two broking giants describe the legal actions as “without merit”.