Mergers & acquisitions (M&A)
JMG adds Grosvenor Insurance
Chester-based Grosvenor Insurance has joined the JMG Group.
Top 100 UK Insurance Brokers 2024: Introduction
Welcome to the Top 100 UK Insurance Brokers for 2024, which Insurance Age has put together again with the help of Insuramore.
RSA and NIG to offer single product set in H1 next year
RSA and NIG has completed a “broad reconciliation” from a product and wording perspective and is committed to offering a "single product set in the first half of next year", according to Laura Fox, distribution development director.
Howden parades beauty membership providers buy
Howden has unveiled the purchase of Associated Beauty Therapists and Associated Irish Therapists, two beauty membership providers that offer insurance broking services to members operating in the health, wellbeing and beauty sectors in the UK and Ireland.
Surewise buys Lockton Mobility book
Essex-based insurtech Surewise has bought Lockton Mobility’s book of business, a long-standing provider of mobility scooter and wheelchair insurance and warranty cover with over 30 years of experience in the industry.
JMG Group buys ISO management system specialist
JMG Group’s health and safety and employment law consultancy Lighthouse Risk Services has bought ISO management system specialist HSEQ Smart.
Saga confirms talks with Ageas over insurance “partnership”
Saga has today confirmed it is in discussions with Ageas with “regard to a potential partnership arrangement for its insurance business”.
Kingfisher creates new motorsports arm following broker buy
Kingfisher Insurance Services has acquired MIS Motorsport’s commercial business in the UK and Ireland.
Ripe inks deal to buy marine specialist GJW Direct from Munich Re Specialty
Ripe has signed up to buy non-commercial marine insurance specialist GJW Direct from Munich Re Specialty, in a deal expected to close in the first half of next year.
Prosura strikes second deal in Yorkshire, adding Donald Schofield
Prosura has bought commercial broker Donald Schofield, based in Pontefract – its second purchase since starting to trade at the start of 2023.
PIB returns to buying with RS Insurance Brokers
Consolidator PIB has bought Nottingham-based RS Insurance Brokers, adding expertise in fleet and professional indemnity to its portfolio of specialisms.
Warburg Pincus and Temasek complete SRG investment
Specialist Risk Group has confirmed the takeover by private equity house Warburg Pincus and Singapore-headquartered investor Temasek has completed after receiving all regulatory approvals.
JMG reaches 40 deals milestone with Confidential Solutions buy
JMG Group has bought London-based Confidential Solutions Group as it racked up its 40th deal since being formed in 2020 when Yorkshire-headquartered JM Glendinning underwent an MBO.
Blog: Now Open GI has finally been sold what do brokers think?
The future of Open GI has been spoken about for months. But now a deal has been done Rosie Simms discovers brokers are neither frothing with excitement or overcome with concerns about the future.
Major Ardonagh acquisition gets the green light from shareholders
Ardonagh has received approval from PSC shareholders to complete the A$2.3bn (£1.21bn) acquisition of the Australian broking business, with the transaction expected to close around 11 October 2024.
Montagu agrees to sell Open GI to minority shareholder Ares
Ares Management is set to acquire Open GI, with the deal signed on 9 August 2024, Insurance Age can exclusively reveal.
Das grew 8% with stable COR in 2023 en route Arag deal
Das has posted growing gross written premium to £139.3m in the run-up to being bought by Arag.
Laka buys renewal rights of CoverCloud’s bike portfolio
Insurtech Laka has bought the renewal rights to CoverCloud’s bike portfolio from broker Acumen Insurance Services.
Esure owner Bain eyeing up sale – report
Esure is possibly up for sale, as private equity firm Bain Capital has lined up advisors, according to Reuters.
Markerstudy-bound Hughes posts stable turnover and profit for 2023
Northern Ireland-based broker Hughes, currently in a sales process to Markerstudy Group, maintained post-tax profit at £2m in 2023 with turnover consistent of more than £13m.
Applied Net 24: Commercial lines panel main UK market challenge for software house
Taylor Rhodes, CEO of Applied Systems, claimed the challenge in the UK market is the commercial lines panel from insurers and getting them to broaden their panel placement.
Cinven buys half of Policy Expert
Private equity house Cinven has signed up to buy 50% of Policy Expert from the Abu Dhabi Investment Authority.
Applied Net 24: Applied eyes opportunities for automation
Applied Systems sees opportunities for automation and data use, as its clients number one ask is for more operational efficiencies, chief product officer Anupam Gupta told journalists at Applied Net 24.
Video Q&A: RSA distribution development director Laura Fox
A year on from the NIG acquisition being announced, Laura Fox, distribution development director at RSA spoke to Insurance Age content director Jonathan Swift about the integration process.