Mergers & acquisitions (M&A)
Brokers welcome QBE takeover of Brit's UK regional business
Brokers have given a uniformly positive reaction to the takeover by QBE of Brit’s UK regional business describing it as good news for both brokers and insurers.
QBE buys Brit’s UK regional business
QBE has announced the purchase of Brit’s renewal rights for the UK regional operations business with the transaction expected to be completed on 13 April.
Cobra confirms bid negotiations with Towergate
Cobra Holdings has confirmed that it is co-operating with Towergate and a company formed by chief executive Stephen Burrows over pre-offer enquiries.
JLT adds Towergate man to Nottingham team
JLT has appointed Steve Exwood as partner in its Nottingham risk practice team.
Quindell in Ai Claims takeover
Quindell Portfolio has bought a further 47.7% of Ai Claims Solutions for £3.1m and announced its intention for a complete takeover offer of the company.
Profile: Banking on growth
Towergate chief executive Mark Hodges tells Martin Friel about his plans to transform the entrepreneurial and acquisitive company into a thriving corporate (“with a little ‘c’”) entity
Broking success: Facing the challenge
Berkeley Insurance Group chairman Andrew Bedford, and group chief executive Tim Maxted explain their approach to the soft market and the importance of expertise, reports Caitlin Morrison
Hodges outlines plans for Towergate
Mark Hodges has stated that he plans to develop a more corporate structure for Towergate.
MMA CEO appointed deputy chairman of Covéa
Garry Fearn has been appointed executive deputy chairman of Covéa Insurance.
Central Insurance adds to board in drive for growth
Central Insurance, the Scottish independent broker, has appointed Graeme Manson and Gillian Hastings as non-executive directors.
R&Q acquires Guernsey insurer NFIL
Randall & Quilter Investment Holdings (R&Q) has acquired Northern Foods Insurance (NFIL), a captive insurer domiciled in Guernsey, for just over £700,000.
Gallagher targets £50m turnover in Leeds
Gallagher Heath has stated that it aims to double the £25m turnover of its Leeds branch by 2015.
Ex-Argyll chief joins Ataraxia
Ataraxia has appointed Kevin Young to its board of directors.
CNA reaches agreement with Hardy board to acquire the business
US insurer CNA has acquired Hardy Underwriting for £143m in cash.
Barbican acquires PI Protect
Barbican Group has bought Manchester-based managing general agency Professional Indemnity Protect.
Besso targets acquisitions after share buy-back
The management of Besso Insurance Group have bought 15% of the business in a £1.1m deal ahead of an acquisition drive of specialist firms and broker teams.
Towergate creates new M&A role
Towergate Insurance has appointed Dan Saulter to the newly-created role of group mergers and acquisitions director.
County Insurance moving fast on acquisition plans
County Insurance could meet its five-year target of ten acquisitions ahead of schedule, with two early purchases near to completion, sister title Post has reported.
Markel targets fine art market with MGA acquisition
Markel International has acquired Quay Underwriting (QU).
JLT delivers good revenue and profit growth for 2011
Jardine Lloyd Thompson (JLT) has followed the trend of positive financial results in the insurance market with a 13% hike in profits before tax to £147.6m for 2011.
Towergate increases South Western presence with acquisitions
Towergate Insurance has acquired Centenary Insurance and William Rogers Insurance Brokers.
Investigation begins as Riverbourne is rescued
The Riverbourne Group, the Caterham-based broker that recently entered administration, has been purchased in a deal that will see the business split in two.
Invicta expands with portfolio purchase
Invicta Insurance Services has agreed to acquire the general insurance portfolio of surrey-based IFA Financial Profiles.
RSA commercial chief threatens to exit unprofitable markets
RSA’s commercial chief has confirmed that he will pull out from product lines that are not working for the insurer as he continues his revamp of RSA’s commercial book.