Mergers & acquisitions (M&A)
The Broker Investment Group ups stake in Glowsure to 49%
The Broker Investment Group has increased its stake in Droxford-based Glowsure Insurance Brokers to 49%, having first invested in 2017.
Next deal on the horizon for Bspoke
Bspoke Group has “signed heads” on its next deal, with an announcement to come ‘in weeks’, CEO Tim Smyth has told Insurance Age.
Partners& snaps up two in employee wellbeing and healthcare push
Partners& has bought Nottingham-based Halo Consulting and Chester-based Personal Healthcare Management.
JMG expands presence in Kent
The JMG Group has acquired the general business insurance division of the Howe Maxted Group, its eight deal of the year.
Academy turnover dipped in run-up to Blixt buy
Academy Insurance Services’ turnover and profitability fell in the run-up to being bought by private equity house Blixt, according to a filing at Companies House.
PIB reveals costs of record 26 deals in 2023
PIB spent £331.9m on a record 26 deals in 2023 as the consolidator expanded in the UK and across Europe.
Aviva completes £249m Probitas buy
Aviva has completed the £249m purchase of Probitas after getting all the necessary approvals.
SRG bolsters equestrian expertise with Carriagehouse buy
Specialist Risk Group has bought the ongoing business of Carriagehouse.
Hiscox shares soar 150 pence following takeover links
Hiscox shares closed the day [Monday 8th July] up 13.43% (150 pence) at 1,267 pence, giving it a market cap of around £4.3bn after the insurer was linked with a takeover.
Ardonagh Advisory notches up fifth buy of 2024
Ardonagh Advisory has acquired Rollinson Smith Insurance Brokers, a community broker servicing the Shropshire, Staffordshire, West Midlands and North Wales regions with a reach in London and other areas of the country.
Seventeen buys Gen2 Broking
Seventeen Group has acquired Midlands-based Gen2 Broking, expanding its presence in the region.
AbbeyAutoline makes second book buy in a week
AbbeyAutoline has purchased Down Insurances’ customer book of business, based in Downpatrick, further strengthening its presence in Northern Ireland.
Partners& adds SEP bolstering North West footprint
Partners& has revealed its second deal in a week, buying Merseyside-based broker SEP Insurance.
SRG buys political violence specialist Tristar Special Risks
Specialist Risk Group has acquired political violence specialist Tristar Special Risks building out SRG’s managing general agent, MX, which was launched in December 2021.
Brown & Brown’s PCG buys Advo Group
Brown & Brown Europe-owned Premier Choice Group has bought employee benefits intermediary Advo Group.
Astorg takes majority stake in Acturis
European private equity firm Astorg has boosted its investment in Acturis to over the 50% threshold.
Partners& acquires Switch Health
Partners& has acquired Cheltenham-based Switch Health to enhance its private medical insurance proposition for clients.
AbbeyAutoline buys Martin Carey Insurance book
AbbeyAutoline has bought the customer book of business of Lisnaskea-based Martin Carey Insurance.
Thomas Carroll posts revenue growth in landmark employee ownership year
Thomas Carroll grew turnover 1.9% to £14.58m in a “historic year” when it switched to an employee ownership model.
Jukes strengthens presence in the Midlands with latest buy
Worcestershire-based Jukes Insurance Brokers has purchased SO Insurance Services, based in Solihull, growing its presence in the Midlands.
AM Best keeps Accredited ratings under review after Onex buy
AM Best has maintained the under review status of fronting business Accredited after the sale to Onex Partners last week.