Mergers & acquisitions (M&A)
News round-up: Insurers
Brit has formally accepted an offer of £888m from Apollo Management and CVC Capital Partners. The deal if agreed by shareholders is £10.75 for each share plus a further 25p if targets are met.
Broking Success - Stonebridge Corporate: Building fast
Andrew Tjaardstra meets two young brokers aiming to make waves in their local market by growing their business fivefold.
Antur acquires broker DW Burrows
Welsh broker Antur Insurance has announced its acquisition of Barry-based broker, DW Burrows, in a bid to strengthen its competitive edge in South East Wales.
Brokers strive for growth with series of recent acquisitions
Access Insurance, Cullum Capital Ventures (CCV) and LFC Insurance Group have all revealed ambitious growth targets following a spate of recent acquisitions.
Analysis of top 100 brokers reveals market share increase
The UK broking market has weathered the economic storm well with the top 100 brokers managing to increase their market share, according to Insurance Age's 2010 Top 100 Independent Brokers supplement.
News review: October
The founder and chairman of direct insurer Esure, Peter Wood, revealed that 2014 would be the earliest date that the company would launch an initial public offering.
How to complete an MBO: Successful successions
MBOs provide a fantastic opportunity for management teams to get a taste of acquisition activity in a familiar market. Mike Pawson gives guidance on how to ensure the deal runs smoothly.
Health news: Rockbridge deal underlines CBG's healthcare focus
CBG Group has acquired Rockbridge Healthcare as part of its growth strategy in the healthcare sector.
The Top 100 Independent Brokers 2010
The sixth edition of the Top 100 Independent Brokers supplement, published by Insurance Age in association with Cornell Consulting has thrown up a few surprises.
CCV snaps up another two businesses
Cullum Capital Ventures (CCV) has acquired the general insurance arm of Bolton-based Standrings and Sussex-based Goodwood Insurance Services.
Quinn bidders fear outstanding claims, according to reports
The Irish Independent has reported that several of the five bidders for Quinn are reluctant to buy the whole company fearing the outstanding claims and liabilities caused by previous management.
CBG buys healthcare broker
CBG Group has purchased Rockbridge Healthcare for an undisclosed fee.
CCV acquires four businesses
Cullum Capital Ventures (CCV) has announced the acquisition of four businesses during September, adding over £10m worth of gross written premium (GWP) and bringing its total number of acquisitions so far in 2010 to nine.
Brit recommends buyout deal to shareholders
Brit Insurance has moved a step closer to selling the business after revealing it expects to recommend a buyout offer by Apollo Management and CVC Capital Partners to its shareholders.
Axa withdraws personal lines business from Westinsure
Axa has confirmed that its personal lines intermediary business has exited the Westinsure broker network and that all preferential commission rates for that book have ceased.
Agenda: Do big insurance mergers work?
RSA's unwelcome bid for Aviva raises many issues but the main one is whether mergers between large insurance companies work in the long term.
Lloyd's hopes to boost market share by 'getting out to regions'
Lloyd's new regional manager of UK and Ireland, Keith Stern, has revealed plans to target regional brokers in a bid to boost market share.
Barbon set to expand as comeback proves a success
Managing director of Barbon Insurance Group, Martin Oliver, has said the business was fighting back and had reclaimed a majority of the business it lost in its lettings and commercial property business as Erinaceous Insurance Services.
Jelf creates national business focused on community broking
Jelf's insurance chief executive, Phil Barton, has spoken of the company's future plans after creating a "significant new player" in the market.
Broker poaching: Fishing for business
Poaching will always be popular if the bait is right. Louise Meeson asks whether it's worth taking a risk in an attempt to net a prize catch.
LFC reveals growth plans after buying broker
Essex-based commercial broker LFC Insurance Group has acquired Chelmsford Insurance Centre (CIC) which has £2.25m gross written premium.
Zurich targets mid-sized market
Zurich has announced it is launching a new strategy and product suite for its mid corporate business customers.
Brit planning to recommend offer from Apollo and CVC consortium
Brit Insurance has confirmed receiving a cash offer of £10.75 per share from a consortium formed by Apollo Management and CVC Capital Partners.
NPA acquires commercial insurance broker Noyce Livett
NPA Insurance Broking Group has announced the acquisition of Aylesbury-based Noyce Livett.