Mergers & acquisitions (M&A)
Clear Group strikes first MGA deal
The Clear Group has acquired a 50% shareholding in Thomond Underwriting based in the Republic of Ireland and Northern Ireland, the broker’s first MGA deal.
Jensten snaps up broker to head Northern regional hub
Jensten Group has bought Lake District-based Simpson and Parsons to become its Northern regional centre of excellence.
Ardonagh acquires PB Curran and rolls it into Ethos
Ardonagh Advisory has acquired PB Curran, an independent broker specialising in commercial, landlords, farming and private clients insurance.
The Broker Investment Group buys out Hallsdale Insurance Brokers
The Broker Investment Group has bought out Kettering-based Hallsdale Insurance Brokers, having previously invested for a 30% stake in 2018.
JMG strikes 10th deal of 2023
JMG Group has bought Cheshire-based Blackfriars Group, taking its deal total for 2023 to 10.
James Hallam rebrands Scottish buys
James Hallam has rebranded CCRS and Broker Scotland, having snapped up the Scottish brokers in August 2022.
JMG strengthens in southern England with further Southampton buy
JMG Group has bought commercial insurance broker GR Marshall, its second deal in Southampton this year.
Partners& grows in Scotland with Hart Insurance Brokers acquisition
Partners& has extended its geographical presence through the central belt of Scotland, adding Hart Insurance Brokers.
Academy Insurance updates on sale after deal fell through
Personal lines specialist Academy Insurance Services’ shareholders are going through due diligence in a sale process, according to a filing at Companies House.
Liberty Mutual keeps Hughes in near £2bn assets sale to Generali
Liberty Mutual Insurance has held on to Northern Ireland-based broker Hughes Insurance as it struck a deal to sell its personal lines and small commercial operations in Western Europe to Generali for €2.3bn (£1.97bn).
Interview: Clare Lebecq, SRG
Clare Lebecq has worked hard to get to the top. She tells Insurance Age her story and goals with Specialist Risk Group, and shares her views on diversity and inclusion and work culture.
Lycetts reports record revenue for 2022
Lycetts grew revenue by nearly 9% in 2022 to £25.6m, as pre-tax profit rose 12% year-on-year to £3m.
Acrisure targets drawing on strength of one infrastructure for Eleven Network
Acrisure has dialled up Ten Insurance Services to Eleven Network, promising a transparent model and “unique” offering in the sector, spanning across appointed representatives and directly authorised firms.
GRP buys commercial broker Amicus
Global Risk Partners has bought 100% of Surrey-headquartered Amicus Solutions Holdings.
Opinion: Is it inevitable Aviva will be sold or split to placate shareholders?
Activist investor Cevian has sold its entire stake in Aviva. While it has boosted shareholder returns, the story might not yet be over.
AssuredPartners buys recycling specialist broker GM
AssuredPartners has acquired Exeter-based recycling specialists, GM Insurance Brokers.
Acrisure buys AR network Ten Insurance
Acrisure has bought appointed representatives network Ten Insurance Services as it progressed its network plans, and will take the offering to market as “Eleven Network”.
Kingfisher buys Reis Motorsport Insurance from Markerstudy
Kingfisher Insurance has bought specialist broker Reis Motorsport Insurance from Markerstudy for an undisclosed sum, adding over 20 people and an office in Nottingham.
DR&P Group strikes three broker deals
DR&P Group has bought a majority stake in Radius (I.B.) in Hull, Sector Associates in Thirsk and Berry Insurance Brokers in Preston.
CEO Hardie anticipating Jensten sale within 18 months
“At some point in the next 12-18 months I think we will have a different investor in the business with or without Livingbridge remaining,” Jensten Group CEO Alistair Hardie has told Insurance Age.
Ardonagh expands into Greece
The Ardonagh Group has signed up to buy a majority stake in Athens-based SRS Group of Companies.
Jensten Group buys up Coversure member
The Jensten Group has bought the Coversure Poole Group for an undisclosed amount.
Howden employee shareholder count reaches 4,500 as another 1,000 invest
Howden has revealed 1,000 employees invested in the company for the first time through its 2023 internal share offer scheme, taking staff shareholders to approximately 4,500.
GRP owner Brown & Brown buys Nexus and Xenia owner Kentro
US giant Brown & Brown has signed up to buy Kentro Capital, which includes Nexus Underwriting and Xenia Broking, in a deal expected to close in the fourth quarter.