Mergers & acquisitions (M&A)
Henderson expands in North East with IFA purchase
Henderson Insurance Brokers has acquired Hartlepool-based independent financial advisor (IFA) Arlington for an undisclosed sum.
Towergate completes double acquisition
Towergate Insurance has completed a double acquisition swoop of brokers in Hampshire and Berkshire.
Academy has more in the pipeline after CIC swoop
Academy Insurance Services (AIS) has swooped to buy Surrey-based Crown Insurance Consultants (CIC) and admitted there are still more deals in the pipeline.
Alto moves forward with Cobra offer
Alto Intermediary Group has posted its offer document to Cobra shareholders, along with a form of acceptance.
Cobra finally reaches agreement on £7.3m cash offer from Burrows' Alto Group
The directors of Cobra have reached an agreement on the terms of a recommended £7.3m cash offer to be made by Alto for the entire issued and to be issued share capital of the broker.
RK Harrison in £30m refinancing deal
RK Harrison Group (RKH) has secured a £30m refinancing deal with Clydesdale Bank and Royal Bank of Scotland (RBS).
Randall & Quilter says acquisition pipeline remains strong
Randall & Quilter (R&Q) will confirm that its Canadian managing general agency (MGA) will close during the company's Annual General meeting (AGM) today.
Towergate snaps up Dorset-based Broker Network member
Towergate Group has acquired Harry Fort Insurance Brokers.
Cobra extends offer deadline again
Cobra has extended the deadline for its takeover offer for the fifth time.
Oval’s Peter Blanc looks to the future
Peter Blanc, chief executive of Oval Group, has scotched rumours of the broker being up for sale and laughed off the suggestion of an IPO.
Higos targets more branches by end of 2012
Higos Insurance Services has its sights set on a "few locations" for the end of the year as it continues its South West expansion drive.
Hemel-based broker snaps up book from local rival
Hemel Hempstead-based broker Advanced Insurance Consultants (AIC) has acquired the book of business from ALH Insurance, for an undisclosed sum.
Brit sells to RiverStone
Brit Group has agreed to sell Brit Insurance Limited (BIL), its Financial Services Authority regulated insurance company, to run-off specialists RiverStone Group.
Cobra takeover deadline extended again
The board of Cobra Holdings confirmed on Friday that it was still in negotiations with Alto Intermediary Group but that the deadline for the takeover had been extended to 22 June.
Accounts reveal prices of Oxygen disposals
Oxygen Insurance's London-based specialist broking teams were snapped up by AJ Gallagher for £1.35m, according to documents lodged with Companies House.
MPW buys David Lynes Commercial
Maidstone-based MPW Insurance Brokers has bought David Lynes Commercial (DLC) for an undisclosed sum.
Direct Group makes second acquisition of 2012
Direct Group has acquired Simple Insurance from UK General for an undisclosed sum.
Cobra sale deadline pushed back again
Cobra Holdings has extended the deadline for its takeover deal for the third time.
Allanfield posts loss in first results since listing
Allanfield Group has reported a loss of £476,412 for 2011, compared with profit of £508,244 for the previous year.
R K Harrison buys Marsh businesses
R K Harrison has bought four businesses from Gibbs Hartley Cooper (GHC), a part of Marsh UK.
QBE appoints Ray Cox chairman in restructure
QBE has restructured its regional UK & Ireland operation.
Broking success: Buying in to growth
Barnett & Barnett managing director Neil Campling shares the firm’s reasons for selling and explains why professionalism is important to the business and the industry as a whole. Caitlin Morrison reports
Hyperion buys Windsor from management
Hyperion Insurance Group has bought Windsor from the management and employees and their institutional backer Hutton Collins Partners for £95m.
Giles not headed for IPO chief exec insists
Brendan McManus, chief executive of Giles Insurance Brokers, has hit back at claims the company’s backers are looking for an exit as he moved to dampen rumours of an imminent market flotation.