Mergers & acquisitions (M&A)
CBG remains confident despite fall in profit and revenue
CBG’s results for 2010 have revealed a drop in pre-tax profits to £842,000 (2009: £1.03m) with revenue also falling by just over £1.2m to £7.7m (2009: £8.96m).
Bridle buys London broker
Bridle Insurance has made its first acquisition of 2011, London insurance broker Harrington Adams.
Towergate limbers up for acquisition run
Towergate Partnership has announced the appointment of Stephen Hinbest as head of acquisitions as it looks to strengthen its capability in this field.
Markerstudy goes for funeral directors
Markerstudy Group has acquired the business of Kent - based Beal & Co.
Management - broking success: step forward to look back
Emmanuel Kenning meets Duncan Macbeth of Macbeth Scott & Co as he prepares for retirement after more than 30 years as a broker and casts his eye over the insurance industry.
Power hour - future of broking round table London: Talking heads
The biggest names in the industry come together to debate the key issues facing brokers at the moment, from regulation and rates to consolidation and distribution. Martin Friel reports.
Over 1,000 jobs lost as Auto Windscreens is closed
The administrators of Auto Windscreens have confirmed that 1,042 staff have been made redundant and the business closed.
Markerstudy buys part of Auto Windscreens
Markerstudy has confirmed that Trifords, part of its group of companies, has acquired selected assets from the liquidation of Auto Windscreens.
Gallagher continues growth plan with Woodbrook buy
OIM Underwriting, Arthur J. Gallagher International’s current MGA platform, has acquired all of the assets and business of Woodbrook Underwriting Agencies.
Heath Lambert reportedly in takeover talks
Arthur J Gallagher International is in takeover talks with London market broker Heath Lambert, say sources close to the company.
Ancile pushes into niche travel market with Sun Selection buy
Direct travel broker Ancile Insurance Group has acquired specialist insurance brand, Sun Selection.
Brightside buys aggregator technology firm Quote Exchange
Brightside Group has agreed to buy Quote Exchange for £3.7m in cash and just under 1.4m ordinary shares in Brightside.
Health news: Pruhealth seeks to broaden its range in wake of SLH aquisition
Pruhealth is targeting general insurance brokers with a range of new healthcare plans following the acquisition of Standard Life Health (SLH) in August last year.
Saffron continues growth spree with Chris Semmens merger
Saffron Insurance has merged with Baldock-based Chris Semmens (Commercial) Insurance Broker.
Insurance law firms Parabis and Everatt join forces
Parabis Law has merged with Everatt & Company, creating what they claim to be a £100m plus turnover business with more than 60 partners.
Woodstock makes three acquisitions in a year
Endsleigh-owned Woodstock Insurance Brokers has confirmed the acquisition of a book of business from the personal lines arm of Clear Insurance.
Antur acquires Haven Insurance’s Swansea office
Antur Insurance has announced the acquisition of the Swansea office of Haven Insurance Brokers.
Giles makes record buy despite fall in results
Giles has made the largest acquisition in its history despite experiencing a drop in turnover and earnings for 2010.
Higos reveals three-year plan of acquisition and organic growth
Higos Insurance Services has embarked upon an ambitious growth plan that could see it more than double in size over the next three years.
News review: December
A brief round-up of December's news.
Higos announces bold growth plan with senior appointment
Higos Insurance Services has appointed a retail branch director as part of ambitious plans to add 20 high street branches in the next three years.
Bluefin buys Carlisle-based broker
Bluefin has acquired Ross Lloyd in Carlisle, its third acquisition of 2010.
Giles makes its largest acquisition
Giles has announced the acquisition of RA Rossborough and its general insurance broking companies. While the amount of the deal has not been disclosed Giles has confirmed it is the largest acquisition in the company’s history.
News review: November 2010
IAG UK-owned broker Barnett & Barnett almost doubled its size to £50m gross written premium, with a move for a controlling stake in Bromley-based commercial and personal lines specialist NBJ.