Mergers & acquisitions (M&A)
Brown & Brown expands further in Northern Ireland
Brown & Brown Europe has bought Rollins Insurance Brokers, based in Holywood, Northern Ireland.
Lloyd & Whyte 2023 deal totals revealed
Lloyd & Whyte made four acquisitions in 2023 at a cost of £6.5m, as the previous purchase of SEIB helped boost turnover to £47.93m.
London-based MGA incubator acquired by US insurance group
Ambac Financial Group, the US-based insurance holding company, has agreed to acquire a 60% controlling stake in Beat Capital Partners, the specialist insurance underwriting and managing general agent incubator, for $282m (£220.6m).
Seventeen Group strikes two deals
Seventeen Group has bought Wisemans Insurance Services in Ashford and Manchester-based North West Risk Solutions.
Pen expands into Ireland with Wrightway Underwriting
Pen Underwriting has bought Republic of Ireland-based managing general agent Wrightway Underwriting establishing its first on-the-ground presence in the country.
Ardonagh buys BP Insurance Brokers
Ardonagh Advisory has bought Lancashire regional and specialist personal lines broker, BP Insurance Brokers.
TL Dallas grows Scottish presence buying Marsh Commercial’s Highlands and Islands business
TL Dallas has signed up to buy Marsh Commercial’s business in the Highlands and Islands of Scotland, with the deal expected to close in August.
AssuredPartners doubles 2024 deal count with latest buys
AssuredPartners has acquired the insurance related assets of Everett Mead and ACG Broking Services, bringing an additional £3m of gross written premium to the broker.
Jensten completes Burbage and Seymour buys
Jensten has completed the purchases of Melville Burbage and Henry Seymour & Co following final regulatory approval.
Markerstudy boss Spencer hails “momentous milestone” as FCA approves Atlanta deal
The merger between Markerstudy and Atlanta, the personal lines broking business of The Ardonagh Group, has been approved by the Financial Conduct Authority.
Broking Success: Investing in customer relationships
Ex-Swinton boss Gilles Normand, CEO of Academy, sees investing in customer relationships will help the broker grow through recommendations as it moves towards mostly commercial lines.
NSM to buy AllClear owner
NSM Insurance has signed up to buy InsurEvo Group, including AllClear Insurance, InsureandGo and JustCover, from Synova.
Ripe targets three new products this year – CEO Williams
Insurtech broker Ripe is looking to launch another three products this year, possibly four if one can “squeeze it through the door” at the end, according to CEO Paul Williams.
Biba 2024: Arag UK leaders promise best in class for brokers as integration rolls forward
Arag and Das have exited the state of limbo and can now power forward with the integration of the two businesses, the bosses have told Insurance Age.
SRG looking east for expansion with new backers
Specialist Risk Group is eyeing up buying in Europe and Asia, CEO Warren Downey has confirmed to Insurance Age.
NFP buys human resources and health and safety business HELPGB
NFP has bought human resources and health and safety business HELPGB based in the Midlands, to strengthen its HR and safety capabilities.
PCH makes three acquisitions in three months
Premier Choice Healthcare, the health insurance intermediary owned by Brown & Brown, has completed three deals in three months.
Specialist Risk Group gets two new backers as HGGC sells up
Private equity house Warburg Pincus and Singapore government-owned investor Temasek have partnered to buy Specialist Risk Group from HGGC.
Biba 2024: Gallagher’s Peter Matthews upbeat on prospects for North West
Gallagher’s area managing director for the North has hailed ongoing organic growth in the North West and improved insurer service as the broking giant eyes up more acquisitions.
Brown & Brown snaps up family-owned broker since 1877
Brown & Brown (Europe) has bought two brokers: family-owned Garratts Insurance Brokers Limited and BNF Insurance Services.
TBIG invests in Deva
The Broker Investment Group has taken a minority 49% stake in Chester-headquartered Deva Risk Group in its sixth deal of the year.
Jensten wholesale division split sees MD Simon Taylor exit
Jensten is splitting its wholesale division in a strategic reorganisation that aims to drive organic growth, bolster continued acquisitions and further the integration of future buys.
Movo weighing up options for investment partner
Movo Investment Group has been holding talks with potential investors as the appointed representatives network, technology and broker owner positions for growth, Insurance Age can reveal.
Arc Legal founder Finan launches Addept Group after buying broker Policywise
Arc Legal Assistance co-founder Richard Finan has returned to the insurance market with a new wholesale business Addept Group, having acquired broker Policywise.