The CEO tells Insurance Age how the deal came about and discusses plans for the future and how the pandemic is slowing the buying process down.
Ardonagh's MGA arm buys £8.5m GWP book of business from KGM.
All employees of the Leicester-headquartered broker will remain with the business following completion of PIB’s largest deal to date.
PIB Group has bought London-based real-estate insurance specialists, Arlington Insurance Services for an undisclosed sum.
Group CEO Peter Blanc says the business has a number of more deals in diligence after seeing an uptick in enquiries as a result of the pandemic.
The group now employs over 900 people in 30 offices across the UK and Ireland, placing £440m of gross written premium.
Messrs R F Broadley is based in Masham and specialises in agriculture.
The business saw improvement across all metrics in the year it bought Morrison Insurance Solutions.
David Cunningham has joined the broker from Close Brothers Premium Finance.
The cover protects buyers from intellectual property infringement during the deal process.
CEO Ant Middle says now is the "right time" for Ageas to hand over its stake in the car and home insurance provider to Tesco Bank as it focuses on developing broker distribution.
Turnover shot up to £23.6m in for the year ending 31 December 2019 from £14.4m the previous year and the broker flags £24m bank loan for deals.
ICB Group and Finch Insurance Brokers and Employee Benefits merged and rebranded as Verlingue at the start of this year.
The broker is to buy Ingenie from Watchstone Group as it moves forward with plan to develop its technological capability.
The broker, which trades as Kingsway, has purchased Home Counties Insurance Services, following on from its deal for Managed Risk Solutions earlier this week.
What next for Howden following the investment from HG and its buy of A-Plan? Insurance Age talks to key experts.
Birrell, which trades as Kingsway, became part of GRP in January this year.
The Pinpoint underwriting team will move across to MUM with immediate effect.
Motor broker will be brought into the Atlanta Group, joining Autonet, Carole Nash and Swinton.
The SME service provider, which also owns The Insurance Octopus, has purchased the commercial property specialist for an undisclosed sum.
WRS specialises in the social welfare sector and provides cover for charities, churches and care and community groups.
The deal places an enterprise value of $5bn on Hyperion and provides it with $1.5bn to acquire and invest in data and technology.
Ardonagh has proposed to reverse the deal and divest of the motor broker following the threat of an “expensive and burdensome” phase two competition probe.
The Towergate and Atlanta parent published results for the first six months of 2020 and reveals prices for Arachas and Bravo Group.