Mergers & acquisitions (M&A)
Seventeen opens 2026 M&A account with double deal
Seventeen has struck a brace of deals snapping up Citrus Healthcare and Smith England Insurance Brokers adding £12m in gross written premium to the group.
M&A expert ‘sceptical’ over Intact’s UK broker investment push
The move by the wider Intact Group to acquire a stake in a UK broker is unlikely to lead to a tide of others doing something similar.
Bexhill report shines spotlight on broker ownership
Premium finance lender Bexhill UK has crunched the numbers on the broking sector, with CEO Ravi Takhar warning that truly independent owner-managed regional brokers are slowly becoming ‘a thing of the past’, Insurance Age can reveal.
Japanese insurer Mitsui Sumitomo completes 15% investment in W.R. Berkley
Mitsui Sumitomo Insurance has completed its acquisition of 15% of W. R. Berkley Corporation’s common stock.
MarshBerry reveals the historical fate of smaller brokers
Nearly one-third of brokers that had 10-15 staff five years ago have been sold, MarshBerry has revealed as it offered a rare lens on how the ‘ordinary’ regional broker has fared over a period of intense consolidation and market change.
Q&A: Pen’s Nick Wright
Nick Wright, chief business development officer at Pen Underwriting, tackles its recent M&A quietness, capacity in the market and the benefits to brokers from niche products. He updates on the goal of hitting £1.75bn GWP by 2030, streamlining its agency…
AUB completes Prestige deal
AUB Group has completed its acquisition of 95.9% of Prestige Insurance Holdings.
Zurich claims top 3 market position with Generali GI arm swoop
Italian insurance giant Generali has reached an agreement to sell its Irish and Northern Irish general insurance operations to Zurich.
MBP strikes first deal of 2026 with RAW investment
Minority Broker Partnerships has acquired a minority stake in RAW Insurance Brokers, a Carlisle-based commercial insurance brokerage specialising in construction, agricultural and SME business insurance.
Partners& buys West Midlands-based Movo AR
Partners& has purchased Dudley-based Holmes Insurance Brokers, a Movo Partnerships appointed representative.
Adler Fairways strikes deal post-Intact investment in parent UKGI
Adler Fairways has expanded buying County Antrim-based McCarroll McConnell & Co to “create a strategic presence” in Northern Ireland.
Zurich and Beazley deal ‘not about laying off staff’ – CEO Greco
Zurich CEO Mario Greco has made clear the £8.1bn acquisition of Beazley is “not about laying off staff” as he noted Beazley will become fully part of Zurich in 2027.
Zurich takeover of Beazley a step closer after boards agree offer terms
The respective boards have agreed the terms of a recommended all-cash offer by Zurich for the entire issued and to-be-issued share capital of Beazley.
Bermuda insurer invests in MGA consolidator
The owner of UK MGAs Avid and Landmark, Bishop Street Underwriters, has announced that it has completed a strategic structured capital investment of $125m (£93m) by White Mountains Insurance Group.
Sompo swaps Stanford for Thaker as UK CEO after completing Aspen deal
Sompo has replaced its UK CEO Bob Thaker with his equivalent at Aspen, Sarah Stanford.
Prestige to become AUB’s primary UK retail brand
AUB Group has outlined its UK broking plans and signalled further M&A is on the cards, having signed up to buy 95.9% of Prestige Insurance Holdings for A$432m (£219m) last month.
Duo step up in Teddington as new Coversure branch owners
Senior brokers and longstanding members of the team, Mel Franke and Ciara Curran, have bought the Coversure Teddington book of business from the current, and retiring, franchisee Philip Macdonald.
QBE divests arm with UK business to Swiss Re
QBE has entered into an agreement to divest its global trade credit and surety business to Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group.
CFC sale rumours resurface
The private equity owners of cyber insurer CFC are exploring “strategic options” having appointed advisers, according to a report by Bloomberg.
Deadline extended for Zurich’s Beazley bid
Zurich has been granted more time to make its formal £8bn bid for Beazley with the deadline pushed back to 5pm on 4 March.
Admiral Group acquires £80m digital fleet MGA Flock
Admiral Group has reached an agreement to acquire Flock, a data-driven fleet insurance specialist.
Brokers have mixed reaction on Zurich/Beazley deal
Insurance brokers have given a mixed response to the potential Zurich/Beazley deal highlighting the acquisition would create a “strong proposition” and could create opportunities but noted another competitor leaving the market as a medium-term worry.
AIG completes deal for Convex minority stake
AIG has completed the acquisitions of strategic minority ownership stakes in specialty insurer and reinsurer Convex Group and global asset manager Onex Corporation.
Swansea broker Compare buys £1.5m GWP book of clients
Swansea-based Compare Insurance has acquired the book of clients from Insure My Business, adding £1.5m gross written premiums to the business.