Mergers & acquisitions (M&A)
Simplyhealth reveals aim to grow further following Groupama deal
Simplyhealth has revealed plans to grow its market share to 10% after the purchase of Groupama Healthcare.
Giles weighs in with cash offer for CBG
Giles Insurance Brokers has made a £5.1m cash offer for CBG Group.
Further law firms announce merger plans
The partners of Clyde & Co and Barlow Lyde & Gilbert (BLG) have voted for a merger between the two law firms.
NMJ doubles in size with Broker Direct purchase
NMJ Insurance Brokers has acquired Barry Fenton Insurance from Broker Direct as a result of the latter’s plan to focus on its core business.
Acquisitions on the rise
“We’ve seen more activity this year than last. Everybody I speak to wants to buy books of business, get in new teams or do small acquisitions. There is certainly the appetite out there for buying up businesses”
Broking success: Buying power
Emmanuel Kenning meets Jeremy Cary, the managing director of a broker that has multiplied its income and staff numbers by a factor of 10 in just under a decade
JLT not for sale, blasts Burke
Dominic Burke, chief executive officer at JLT, has moved to quash market rumours that JLT could be purchased, by anyone.
Burke predicts interim profits at Thistle in 2012
Chief executive of JLT, Dominic Burke, has predicted that Thistle Insurance will beat its 2010 full year trading profit of £4.8m this year.
Beachcroft and Davies Arnold Cooper merge
Insurance law firms, Beachcroft and Davies Arnold Cooper (DAC), have confirmed that they will merge.
Gallagher's bid for Oxygen is one of many
Gallagher International is just one of the potential suitors to have approached fellow London market broker Oxygen, Insurance Age understands.
Aviva's rising share price sparks bid rumours
Aviva’s leap up the blue-chip index has ignited further market speculation that at least two insurers could be mulling over a possible approach worth 575p a share valuing the insurer at £14.8bn.
NFU Mutual snaps up Channel Island broker
NFU Mutual has confirmed that subsidiary company, Islands Insurance, has acquired Reed Insurance Associates (Reeds) in the Channel Islands.
Giles outlines provisional offer for CBG
Giles Insurance Brokers has responded to CBG’s confirmation of its approach with a possible offer at a price of 32p per share in cash for the entire issued and to be issued share capital of CBG.
CBG confirms Giles approach
CBG has confirmed that it has received an approach from a fellow broker which could result in an offer for the business.
THB Group doubles pre-tax profits to £1.9m
THB Group has announced an increase in broking profits to £4.8m along with a group pre-tax profit of £1.9m for the six months ended 30 April 2011.
Higos makes latest acquisition
Higos Insurance Services has acquired Vaughan Insurance Brokers in the Somerset market town of Crewkerne.
CCV buys in Lincolnshire
Cullum Capital Ventures (CCV) has announced the acquisition of Lincolnshire-based high street broker Lincsure.
Swinton snaps up Westinsure broker
Swinton Group has opened its 34th commercial office with the acquisition of the Brunsdon Westinsure account.
Homecall Plus rescued from liquidation
After being placed into compulsory liquidation in May this year, Homecall Plus has been bought by a 21 year old female entrepreneur from Wigan.
Reich embarks on acquisition spree with Barnett buy
Reich Insurance has completed the acquisition of Bolton-based D Barnett Insurance Brokers.
Towergate kicks off acquisition spree with modest purchase
Towergate Insurance has purchased Tunbridge Wells-based BWA (Insurance Services) for an undisclosed sum.
Aviva gets £1bn for RAC
Aviva has agreed to sell its roadside recovery firm to the Carlyle Group for £1bn and it looks like current management team will survive.
Axa PPP plans to extend online presence with broker buy
Axa PPP has confirmed its intention to purchase online private medical insurance intermediary Health-on-line for an undisclosed sum.
Markerstudy unveils commercial broker spree
Markerstudy has revealed that its recent purchase of Blagrove Insurance Brokers is the first purchase in a £100m acquisition spree.