Mergers & acquisitions (M&A)
Review of the Year 2023: Acrisure’s Mark McIlquham
In the first of our ‘Review’ series Mark McIlquham, president of Acrisure UK Retail, reflects on whether the 15-year cycle will see a large insurer buy a large broker, and how he’d recast the Barbie film with senior figures from its ‘network dream team’
Bspoke signs up to buy Police & Forces Mutual personal lines books from Royal London
Bspoke Insurance Group has struck a deal to buy the personal lines elements of the Police & Forces Mutual businesses – Police Mutual Healthcare and Police Mutual General Insurance – from The Royal London Mutual Insurance Society.
Saga names Mike Hazell CEO as insurance sale rumours resurface
Over 50s specialist Saga has appointed Mike Hazell as group CEO, succeeding Euan Sutherland with immediate effect.
Ardonagh Specialty CEO joins Brokerslink board
Brokerslink has announced Antony Erotocritou as a new board director, representing Ardonagh Specialty.
Alan Boswell turnover and profits soar
Alan Boswell Insurance Brokers has posted a 50% rise in turnover to £31.1m with post tax profit leaping by more than £3m to £7.8m for the year ended 31 March 2023.
PSC confirms profit, Turner Rawlinson bill and latest buy
Australian-owned consolidator PSC Holdings UK has revealed a post-tax profit of £795,000 for retail broking, alongside a £6m bill for buying Turner Rawlinson and a further deal in 2023.
Dickson & Co buys Kerr Group
Dickson & Co has added Kerr Group to the business – its latest deal in a series of acquisitions and expansions as part of its £7m investment.
Judge denies Alec and Robert Finch fraud case appeal
A High Court judge has denied Alec and Robert Finch permission to appeal after being found guilty of fraud in September.
Energy and growth key to Romero deal, says AssuredPartners boss
AssuredPartners stands ready to help push the Yorkshire-based firm on its growth journey, says UK & Ireland CEO.
Aviva personal lines jumps in Q3 but UK insurance COR grows
Aviva has reported a 20% boost in UK personal lines to £2.15bn, as commercial lines also rose to £2.39bn from £2.15bn in Q3 2022.
Brown & Brown’s PCH arm notches up two more deals
Brown & Brown Europe-owned Premier Choice Healthcare has completed two more acquisitions.
AssuredPartners buys again in South West with Atom
AssuredPartners has bought Somerset-based Atom Insurance Brokers.
Romero ready to roll forward after AssuredPartners deal, says MD
Romero has found a “great” new home, and is ready to continue its growth journey under the new ownership of AssuredPartners, having doubled in size over the past five years.
Brown & Brown’s South East hub Greens buys Nsure
Brown & Brown has bought Worthing-based Nsure, a specialist commercial Chartered insurance broker with a focus on renewables.
AssuredPartners seals biggest deal yet with Romero buy
AssuredPartners has bought Leeds-based Romero Group, which includes Romero Insurance Brokers, Sentient Group and Club Insure.
Clear builds northern presence with Peter Hoare & Co buy
Clear Group has grown its northern footprint, snapping up Sheffield-based Peter Hoare & Company (Insurance Brokers).
Primary sells Policy Expert to Abu Dhabi Investment Authority
The Abu Dhabi Investment Authority has acquired a majority stake in insurtech Policy Expert from Primary Group, Insurance Age can reveal.
One Broker posts double-digit turnover and profit surge in run up to Jensten sale
Norwich-based One Broker has revealed achieving a 19.6% increase in turnover, and a 14.7% rise in post-tax profit ahead of its sale to Jensten.
Travelers snaps up cyber specialist for $435m
Travelers has agreed to acquire cyber insurance managing general underwriter Corvus Insurance for approximately $435m (£351m).
Howden Scotland adds Glasgow-based broker
Howden Scotland, formerly known as Bruce Stevenson, has acquired Glasgow-based Neilson Laurence & Neil.
Jensten closes One Broker deal and seeks more acquisitions in East Anglia
Jensten has completed the takeover of East Anglia-based One Broker Group, following approval from the Financial Conduct Authority.
Ardonagh builds out in Europe with Swiss deal
Ardonagh has signed up to buy Assepro, describing it as the largest independent commercial broker for SMEs in Switzerland.
NFP expands in West Midlands with second deal this month
NFP has bought Resolute Insurance Services, an independent insurance broker based in the West Midlands, further growing its presence in the region.
Romero explores sale options as consolidators circle
Romero, one of the UK’s largest independent brokers, is exploring sale options, Insurance Age understands.