Mergers & acquisitions (M&A)
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.
Giles losses for 2011 come in at £37m
Giles group has reported a further loss of £37.4m for the year to 31 August 2011 compared to £37.1m in 2010.
Cobra takeover deadline extended for Alto
The deadline for a deal between Cobra Holdings and Alto Intermediary Group has been extended until 7 June 2012.
Another broker enters administration
Castle Personal Insurance Brokers has entered administration as an expensive acquisition strategy went wrong.
RSA chief welcomes tough conversations with consolidators
RSA’s UK and Western European CEO Adrian Brown has revealed that having former colleague Brendan McManus and counterpart Mark Hodges running consolidators such as Giles and Towergate respectively was a help, rather than hindrance.
Gallagher buys over 50's specialist broker
Arthur J. Gallagher has bought 78.5% of Insurance Dialogue (IDL), a specialist broker for the over 50’s market trading under the Insure4Retirement (I4R) brand.
Ink increases PI footprint with IRS acquisition
Ink Underwriting Agencies has acquired Indemnity Risk Solutions (IRS).
Marsh sells part of HSBC business to R K Harrison
R K Harrison has acquired a portfolio of four businesses from Marsh UK.
Bartleet takes first step in growth strategy
Bartleet Enterprises has acquired Chesham Insurance Services.
County subsidiary completes first acquisition
County Insurance North West (NW), part of the County Group, has completed its first acquisition in the shape of Whitchurch Insurance Services.
Under the hammer
Sellers often dismiss the idea of selling their businesses by auction. However, handled properly, it could achieve the best price and terms for the seller, explains Mark Copping
Tug of war over Cobra fuels speculation
Cobra Holdings’ sale could create lucrative opportunities for rival networks
Canopius offer for Omega recommended
Canopius has made a cash offer of 67p per share for Omega Insurance Holdings.
Towergate posts loss of £75.5m for 2011
Towergate has reported a £75.5m loss before tax for 2011, compared to a loss of £14.2m in 2010.
Towergate snaps up trio of brokers
Towergate Insurance has made three acquisitions.
Ai Claims board recommends Quindell deal
The board of Ai Claims has recommended that an offer for the remaining 22.4% of shares in the company be accepted.
Davies on lookout for further acquisitions following Ufton deal
Davies has acquired liability and construction practice Ufton Associates.
Higos embarks on expansion plan with new Exeter branch
Higos Insurance Services is to open a new high street operation in Exeter in mid-June.
RSA to focus on small non-UK acquisitions
Simon Lee, group CEO at RSA, has confirmed the provider would be targeting smaller acquisitions outside the UK and was not seeking to make a major billion pound purchase.