Mergers & acquisitions (M&A)
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.
Towergate Financial plans mortgage and IFA spending spree
Towergate Financial has made two senior appointments ahead of a planned acquisition spree in the financial planning and mortgage markets.
Synergy sale marks latest shake up in HNW sector
High net worth managing general agent (MGA), Synergy Insurance Services, has been purchased by Randall and Quilter.
Bryant Kesek acquired by Clear Insurance
Clear Insurance has acquired Bryant Kesek, the Surrey-based independent broker.
DAS buys Everything Legal
DAS UK has purchased online legal services company Everything Legal.
CCV gains foothold in Leicester
Cullum Capital Ventures (CCV) has acquired Leicester-based LFE Insurance Services.
Brightside Group moves more business out of Gibraltar
Brightside is to move another chunk of its business from Gibraltar with the proposed acquisition of software platform Esystems and software house eDevelopment for £17m from Rock e-Systems.
Markerstudy adds to pawn offering
Markerstudy Group, primarily known for insurance, has expanded its retail division with the acquisition of Colchester-based pawnbroker E J Markham & Son.
Miles Smith makes two acquisitions
Lloyd’s broker Miles Smith has bought wholesaler motor fleet specialist Parker Norfolk and the UK operations of RL Davison.
Yorkshire broker makes land grab in the Midlands
The Insurance Partnership has acquired Wolverhampton-based Rhodes Wood Risk Services.
THB sells up to American insurer
The AmWINS Group has had a bid to buy the entire share capital of broking firm, the THB Group, accepted.