Mergers & acquisitions (M&A)
Barbican acquires PI Protect
Barbican Group has bought Manchester-based managing general agency Professional Indemnity Protect.
Besso targets acquisitions after share buy-back
The management of Besso Insurance Group have bought 15% of the business in a £1.1m deal ahead of an acquisition drive of specialist firms and broker teams.
Towergate creates new M&A role
Towergate Insurance has appointed Dan Saulter to the newly-created role of group mergers and acquisitions director.
County Insurance moving fast on acquisition plans
County Insurance could meet its five-year target of ten acquisitions ahead of schedule, with two early purchases near to completion, sister title Post has reported.
Markel targets fine art market with MGA acquisition
Markel International has acquired Quay Underwriting (QU).
JLT delivers good revenue and profit growth for 2011
Jardine Lloyd Thompson (JLT) has followed the trend of positive financial results in the insurance market with a 13% hike in profits before tax to £147.6m for 2011.
Towergate increases South Western presence with acquisitions
Towergate Insurance has acquired Centenary Insurance and William Rogers Insurance Brokers.
Investigation begins as Riverbourne is rescued
The Riverbourne Group, the Caterham-based broker that recently entered administration, has been purchased in a deal that will see the business split in two.
Invicta expands with portfolio purchase
Invicta Insurance Services has agreed to acquire the general insurance portfolio of surrey-based IFA Financial Profiles.
RSA commercial chief threatens to exit unprofitable markets
RSA’s commercial chief has confirmed that he will pull out from product lines that are not working for the insurer as he continues his revamp of RSA’s commercial book.
Ageas sues Kwik-Fit over insurance arm deal
Ageas is suing Kwik-Fit over liabilities relating to the £215m purchase of the company's insurance arm in 2010.
Foreign investment dominates UK insurance
The majority of the UK’s general insurance companies are foreign owned according to new research.
TVL expands with Maestro acquisition
Tasker Ventures (TVL) has acquired Cheshire-based Maestro Insurance Services.
CBG division exits Giles in MBO
Giles has sold the financial services arm of recent acquisition CBG to the management team.
Groupama up for grabs
Speculation continues to surround the sale of French insurance giant’s UK operations
Lloyd’s broker bought by US group
London-based broker and underwriting company Chesterfield Group has been bought by US-company H.W. Kaufman Financial Group.
CCV starts 2012 with two acquisitions
CCV has bought Crown Insurance Brokers in Birmingham and Lyon Insurance Services in Anglesey.
Quindell adds to insurance business with Ai Claims deal
Quindell Portfolio, a software outsourcing specialist, has acquired 29.9% of Ai Claims Solutions.
Hyperion celebrates 21% rise in revenue
Hyperion Insurance Group, has reported a 21% increase in revenue to £87m for the year ended September 2011.
JLT snaps up Irish broker
Jardine Lloyd Thompson’s (JLT) Irish arm has acquired FBD Insurance Brokers, an insurance broker based in Ireland in a deal worth up to €8.5m (£7.1m).
Beazley back in for Hardy
Beazley has reafirmed its interest in acquiring Hardy.
Scottish broker makes Edinburgh acquisition
Central Insurance has completed its second acquisition of the year with the purchase of Edinburgh-based Castle Cairn Insurance Brokers.
Moscrops recruits from Car Care Plan
Lancashire-based broker Moscrops has appointed Andrew Champion as managing director following the retirement of Tim Chadwick after 40 years with the business.
RK Harrison completes MWA takeover
RK Harrison has completed the acquisition of Mercury West Associates following completion of due diligence and the approval of the transaction from the Financial Services Authority.