Mergers & acquisitions (M&A)
Hiscox buys specialist broking business Event Assured
All staff will remain in the business.
Acturis buys in Germany
Technology firm acquires motor software provider.
Kaufman buys Oval International
Acquisition will see the Lloyd’s broker rebrand under original Lochain Patrick name.
County buys Clement Gallagher
Merseyside broker bought after 46 years in business.
Seller beware
Following on from July’s column Tony Cornell considers the further implications of selling your business
Clear looking to buy “three or four” brokers
Lickens says broker is considering purchasing firms with around £2m to £10m in GWP.
JLT Specialty and Lloyd & Partners merge
Broker also announces plans to expand US offering with £50m investment.
Clear Insurance generates £6.5m in refinancing deal
Broker raises cash to fund future acquisitions and drive growth.
RSA sells Singapore and Hong Kong businesses to Allied World for £130m
Cash deal comes with promise of more disposals over next 18 months.
Swinton acquires broker books in Wales
Firm says it is "always in the market" for deals.
Integro buys Stonehouse
Broker continues to focus on entertainment business.
Gallagher spent $16m on acquisition integrations in Q2
Broker saw revenues and earnings increase in the three months to 30 June.
Towergate buys Watt UK Insurance Services
Consolidator also confirms Lovat deal.
Towergate buys Lovat Insurance Brokers
Consolidator makes acquisition from Bestinvest.
Markerstudy acquires Supercover for £20m
Broker and claims administrator joins retail arm.
Lark buys Insurance Risk Solutions
Lark Group acquisition set to take yearly revenue to over £26m.
Aspen urges rejection of Endurance offer
Provider writes to shareholders as it publishes preliminary Q2 results.
Arista founder departs following Towergate deal
Lyn Carslake has left his role as deputy CEO at the MGA.
TEn switches to employee ownership
Company claims to be first in broker network sector to make the move.
Broker renames as Tasker Insurance Group
Firm's CEO says move will "reaffirm commitment" to building integrated insurance company.
Swinton makes acquisition in Barnstaple
Broker has bought books from Money Matters.
County buys Safe and Sound Insurance Centre
Broker makes purchase in West Yorkshire.
Editor’s letter - July 2014
“Good acquisition deals can undoubtedly enhance a business. However, there are many well-documented dangers”
Hughes Insurance deal raises questions over broker’s independence
Purchaser Liberty Mutual to become lead underwriter for the Northern Irish firm