Private equity is driving an M&A boom in UK broking but often we don't know who is behind it. Insurance Age gets to know the key figures.
Resilium, a network with 150 ARs across Australia, has joined the consolidator.
Managing director Richard Willis tells Ida Axling about the broker’s acquisition and growth plans and reveals the thinking behind launching a new MGA offering.
Move follows Gallagher's purchase of Bollington earlier this year and will see Patterson lead the broker's offices in Liverpool, Manchester, Sale and Chester.
Managing General Agents Association CEO Mike Keating talks to Insurance Age content director Jonathan Swift about the hot topics impacting his members and their broker partners.
RSA shareholders voted to approve the deal last month.
The Channel Partnership was founded in 1992 and is SRG's third deal this year.
CEO Alistair Hardie explains how the business is planning to grow in 2021.
The deal adds £13m in GWP to Jensten Group which is targeting £500m in GWP.
Hera Indemnity, which specialises in professional indemnity insurance for solicitors and brings GWP of £41m, will become part of Ardonagh Advisory alongside brands including Ethos Broking, Broker Network, Compass UK and Towergate's regional branch…
The combined group, part of Belfast-headquartered Willis & Company, will trade under the Generation brand and plans to expand its footprint across the UK.
Europe, Middle East and Asia CEO Simon Matson says the UK business achieved organic growth of 5% in 2020.
Group underwriting director Gary Humphreys says funding agreement led by Pollen Street Capital restructures the MGA's debt and opens the business up for making further deals.
CEO David Howden hopes A-Plan will help attract UK brokers who do not want to join the "traditional aggregators" as it explores deals of all sizes.
QIC is also set to participate in the transaction, as Markerstudy says it plans to grow organically and through acquisitions.
The broking group says it has facilities of over £300m to support growth and acquisitions, as it looks to make more deals in the retail space and to grow its MGA arm, Dual.
The leader says brokers have become even more popular with private equity investors following Covid-19 as many have sustained performance and kept hold of revenue despite the pandemic.
PCH, which was bought by GRP last June, says it is committed to expanding the consolidator's healthcare operation.
The investment is set to “accelerate strategic M&A” for the broker as it is also confirmed that former backer, the Carlyle Group, has retained a minority stake in the business.
Who is making the most deals? Which regions are acquisition targets? Keep up-to-date with the latest in broker M&A with our dedicated tracker.
Canadian provider Intact and Danish insurer Tryg made a cash offer for RSA in November 2020.
David Heathfield, CEO of the US-based broker’s UK arm, discusses its recent deal to buy Borland Insurance and reveals ambitious UK growth plans.
Where does Gallagher’s buy of Bollington Wilson leave the independent broker space?
More than 100 staff are set to move across as A-Plan is set to become Howden’s retail flagship.