Mergers & acquisitions (M&A)
Brightside Group to replace Holman by year end
Brightside Group has announced it is "seeking to replace" chief executive officer Martyn Holman before the end of the year.
Gallaghers buys Belmont
Arthur J. Gallagher has bought passenger transport specialist Belmont International for an undisclosed sum.
Jubilee and ANV to combine Lloyd's managing agencies
Jubilee and Dutch-headquartered specialty insurer ANV have combined their Lloyd's managing agency operations.
Brightside's Holman mystified by Markerstudy's stance
Brightside chief executive Martyn Holman has described Markerstudy's comments about the broker's capacity flows as "frankly a bit strange".
Brightside rejects revised Markerstudy offer
The board of Brightside has rejected Markerstudy’s revised offer as “fundamentally” undervaluing the broker and has dismissed the need for future takeover talks.
Markerstudy cuts Brightside offer to £100m and calls for clarity
Markerstudy has revealed that it has cut its offer for Brightside from 27p a share to 20-22p per share valuing the company at £100m at most, down from £123m previously.
Sabre snapped up by private equity group BC Partners
Sabre has been bought by BC Partners, according to reports.
Capita ready to sell insurance business
Capita is reportedly preparing to sell its direct to customer insurance businesses.
Kerr Group buys two brokers
Northern Ireland based broker Kerr Group has expanded in the region with two acquisitions, Insurance Age can reveal.
Covéa deputy chairman Fearn to step down after 14 years
Garry Fearn is to step down from his role as executive deputy chairman at Covéa Insurance.
AJG's Deakin dismisses Giles integration challenge
Arthur J Gallagher's (AJG) new commercial director Janice Deakin has insisted that the integration of Giles will not be a "complicated business".
Canopius Group posts improved profit, GWP and COR
Canopius Group has reported a profit of £42m for the first six months of 2013, up almost £10m from the £33m reported in the same period of 2012.
Arthur J Gallagher confirms £233m cash purchase of Giles
Arthur J Gallagher (AJG) has confirmed a cash deal worth £233m for Giles funded through free cash and borrowings on its line of credit.
Nexus completes Torus Executive Risks acquisition with rebrand
Nexus Underwriting Management has taken sole ownership of Torus Executive Risks and re-named it as Nexus Executive Risks (NER).
Ashgrove Insurance buys Manchester-based Lloyd Howard Insurance Services
Ashgrove Insurance has expanded with the purchase of a Manchester-based insurance broker.
Goldman Sachs in talks over major bid for Hastings
An arm of Goldman Sachs is in advanced talks concerning a potential bid for a major stake in Hastings Insurance, according to reports.
Co-op's GI arm posts improved profit as GWP tumbles by £40m
The Co-operative Group’s general insurance arm made an operating profit before tax of £28.8m in the first half of 2013.
JLT's Thistle expands into warranty market with RMS acquisition
Thistle Insurance Services has acquired Risk Management Support Ltd (RMS) and eWarranty, Insurance Age can reveal.
Lobb first up as MD at US Risk UK
US Risk (UK), the parent company of Oxford Insurance Brokers and James Hampden International Insurance Brokers, has appointed Mike Lobb as its first managing director.
Farr extends three-year contract with homes provider
Social housing risk specialist Farr Insurance has secured a three-year contract extension worth some £340,000 to provide cover for Worcester Community Housing.
Insurecom sale was a "customer-centric" deal
Insurecom's sale to US partner Applied Systems has been described by the UK firm's new vice president as a "customer-centric" deal.
Insurecom bought by US partner Applied Systems
Insurecom has been bought by US-based partner and fellow software company Applied Systems, Insurance Age can reveal.
Howden swoops for Cardiff-based broker WPS
Howden Insurance Brokers has made inroads into the employee benefits space after securing a deal to buy broker Workplace Pension Solutions (WPS).
Markel's combined ratio tips up to 90%
Markel International's combined ratio tipped up to 90% for the first six months of 2013, compared to 86% for the same period of 2012.