Mergers & acquisitions (M&A)
Marshberry: US consolidators bypassing UK for Euro deals as targets dry up
Acquisitive US brokers might favour deals in territories outside the UK to enter and grow in Europe as the number of targets here shrinks.
AUB reports Momentum and Movo deal costs
Sydney-headquartered AUB Group has revealed the costs of snapping up 40% of appointed representatives network Momentum Broker Solutions and 80% of fellow AR offering Movo Group last year, and promised more deals to come.
US parametric specialist buys Floodflash
Insurtech Floodflash has agreed terms to be bought by US parametric insurance specialist NormanMax Insurance Holdings.
Broker buys firm with Airbnb, Sainsbury’s and John Lewis partnerships
Tedaisy, the pet insurance broker, has acquired dog health and activity app Perro, aiming to combine the latest technology with insurance solutions.
US consolidator completes first overseas deal with UK MGA buy
Bishop Street Underwriters has completed its acquisition of Landmark Underwriting, a specialty-focused managing general agent based in London.
Howden’s UK broker buying takes off in 2025 with two aviation deals
Howden has bought aviation specialist Forbes Insurance and Hill Aviation Insurance Services’ book of business as it sets up a new division.
Miller hails organic growth as revenue hits £271m
Miller has reported total revenues of £271m for 2024, a 13% increase on the year before, as it placed $4bn (£3.18bn) of gross written premium into the market.
PIB kicks off 2025 buys with Residentsline
PIB has bought flats and apartments insurance specialist Residentsline from managing director owner Belinda Bagnall in its first deal of the year.
Blog: Where have all the acquisitions gone?
The number of M&A broker deals appears to have slowed down when compared to last year. Is this a sign of things to come or just a blip in momentum? Rosie Simms analyses the data.
Macbeth makes first deal in years buying Insurance Services Surrey
Macbeth has made its first purchase in almost four years with the acquisition of Guildford-based Insurance Services Surrey, its third ever buy.
Adler Fairways completes first buy of 2025
Adler Fairways has purchased Giles Insurance Consultants, based in Burnham, Buckinghamshire, its first acquisition of the year.
Miller signs up to buy AHJ
Miller has struck a deal to buy UK headquartered Alwen Hough Johnson, a reinsurance broker that also places business in a number of niche insurance lines.
Blog: The compliance threat to M&A
Jill Hambley, managing director of Insurance Compliance Solutions, tackles the compliance basics smaller brokers must keep front of mind before listing a business for a potential sale to make sure any deal doesn’t end up on the scrapheap.
Circle expands again in 2024 financial year
Circle 1991, the holding company for Circle Insurance Services, grew turnover by 4.8% in the year ended 30 April 2024, a Companies House filing has revealed.
Clear hires ex-JLT and Miller exec to lead on M&A
The Clear Group has appointed Oscar Holloway as its first managing director, M&A.
Strong solvency means insurers have capacity for M&A, says Fitch
There is surplus capital available for UK insurers to take advantage of any mergers and acquisitions opportunities, according to Graham Coutts, senior director for EMEA Insurance at Fitch Ratings.
SRG doubles headcount and gets new investor with ‘transformative’ acquisition
Specialist Risk Group has expanded into mainland Europe with the acquisition of German broker Ecclesia’s assets in Belgium and the Netherlands.
Organ plans to triple Jensten’s GWP over 3–4 years as refinancing gathers pace
Rob Organ, CEO of Jensten Group, is targeting £1.5bn in gross written premium within three to four years, more than triple what it has now, with a refinancing on the horizon.
Worcester broker adds third office with latest buy
Hazelton Mountford has acquired the White Knight Group’s insurance book of business.
PIB enters another country with latest European buy
PIB Group has entered the Portuguese market, its 11th territory, through the acquisition of Vitorinos Group, a broker with business volume of €80m (£67.8m) in managed premiums.
Pollen Street backed Pivotal Growth buys Northern Irish broker
Pivotal Growth, which is backed by Markerstudy investor Pollen Street Capital, has bought Business Protection Solutions (UK) in Northern Ireland.
Analysis: Fortune favours the bold – Is 2025 a ‘golden opportunity’ to join the M&A bandwagon?
With deals at an all-time high – but shrinking in size – and with the established consolidators becoming more picky, could 2025 be the perfect time for smaller brokers to start buying? Jonathan Swift mulls the hypothesis.
CEO Dave Clapp sets £400m target for The Broker Investment Group
The Broker Investment Group is aiming for 10 deals this year and double-digit organic growth to help reach its new target of £400m of gross written premium by the end of 2028, Insurance Age can reveal.
Brown & Brown rebranding 100 brokers
Brown & Brown is rebranding approximately 100 brokers as it unifies its UK retail broking operations in the first quarter of 2025.