Mergers & acquisitions (M&A)
Hyperion celebrates 21% rise in revenue
Hyperion Insurance Group, has reported a 21% increase in revenue to £87m for the year ended September 2011.
JLT snaps up Irish broker
Jardine Lloyd Thompson’s (JLT) Irish arm has acquired FBD Insurance Brokers, an insurance broker based in Ireland in a deal worth up to €8.5m (£7.1m).
Beazley back in for Hardy
Beazley has reafirmed its interest in acquiring Hardy.
Scottish broker makes Edinburgh acquisition
Central Insurance has completed its second acquisition of the year with the purchase of Edinburgh-based Castle Cairn Insurance Brokers.
Moscrops recruits from Car Care Plan
Lancashire-based broker Moscrops has appointed Andrew Champion as managing director following the retirement of Tim Chadwick after 40 years with the business.
RK Harrison completes MWA takeover
RK Harrison has completed the acquisition of Mercury West Associates following completion of due diligence and the approval of the transaction from the Financial Services Authority.
Towergate Financial plans mortgage and IFA spending spree
Towergate Financial has made two senior appointments ahead of a planned acquisition spree in the financial planning and mortgage markets.
Synergy sale marks latest shake up in HNW sector
High net worth managing general agent (MGA), Synergy Insurance Services, has been purchased by Randall and Quilter.
Bryant Kesek acquired by Clear Insurance
Clear Insurance has acquired Bryant Kesek, the Surrey-based independent broker.
DAS buys Everything Legal
DAS UK has purchased online legal services company Everything Legal.
CCV gains foothold in Leicester
Cullum Capital Ventures (CCV) has acquired Leicester-based LFE Insurance Services.
Brightside Group moves more business out of Gibraltar
Brightside is to move another chunk of its business from Gibraltar with the proposed acquisition of software platform Esystems and software house eDevelopment for £17m from Rock e-Systems.
Markerstudy adds to pawn offering
Markerstudy Group, primarily known for insurance, has expanded its retail division with the acquisition of Colchester-based pawnbroker E J Markham & Son.
Miles Smith makes two acquisitions
Lloyd’s broker Miles Smith has bought wholesaler motor fleet specialist Parker Norfolk and the UK operations of RL Davison.
Yorkshire broker makes land grab in the Midlands
The Insurance Partnership has acquired Wolverhampton-based Rhodes Wood Risk Services.
THB sells up to American insurer
The AmWINS Group has had a bid to buy the entire share capital of broking firm, the THB Group, accepted.
Higos expands in the South West
Higos Insurance Services has acquired RM Gillingham & Son, which will begin trading as Gillingham Insurance Services from December.
Oxygen to sell all assets
Oxygen Holdings is to dispose of all its assets after the sale of Robertson and Taylor for an undisclosed sum.
Stackhouse Poland buys Croydon-based broker
Stackhouse Poland has acquired Sutton Meears & Co for an undisclosed sum.
Towergate snaps up niche comparison site
Towergate Insurance has acquired caravanquoter.co.uk, a caravan and motorhome insurance comparison site.
Invicta completes Fountain acquisition
Invicta Insurance Services has acquired the household and property owners’ portfolios of Fountain Insurance & Investment Services.
Bluefin set to buy again
Bluefin chief executive, Stuart Reid, has revealed that the broker is set to embark on a new consolidation drive after securing funds from parent company Axa.
Brett and Randall sets out £100m turnover target
Leicester-based insurance broker Brett and Randall has laid out ambitious plans to double turnover to £100m within three years.
Cobra disposes of insurance broking operations
Cobra Holdings has announced the sale of certain fixed assets of its insurance broking operations in Caterham and Alton to ASG Risk Management, a subsidiary of Aston Scott Group, for £8.2m.