Mergers & acquisitions (M&A)
Romero sells Booking Protect to Cover Genius
Romero Group has sold its global refund protection specialist Booking Protect to Cover Genius, the insurtech for embedded insurance.
Movo buys into insurtech Durell
Movo Investment Group, the investment arm of Movo Group which includes appointed representative network Movo Partnership, has bought a 50% stake in insurtech Durell, Insurance Age can reveal.
GRP-owned Newstead buys Crendon Insurance Brokers
Birmingham-headquartered Newstead Insurance has purchased local commercial competitor Crendon Insurance Brokers.
Broking Success: Targeting growth
Neal Lowe, managing director of Needham Insurance Services, tells Insurance Age about striking deals and serving local communities as the broker targets £20m of gross written premium by 2025.
GRP strikes first deal after Brown & Brown takeover
Global Risk Partners has bought Maidstone-based First Insurance Solutions in its first deal since the takeover by Brown & Brown completed earlier this month.
Jensten buys Ravenhall Risk Solutions
The Jensten Group has acquired Leeds-based broker Ravenhall Risk Solutions for an undisclosed sum.
Opinion: Why selling isn’t the only option
Brokerring’s Stuart Randall considers the options for brokers who want change but don’t wish to offload their business.
Ataraxia ups stake in Whitefield Insurance Brokers
Ataraxia has boosted its shareholding in Greater Manchester-based Whitefield Insurance Brokers to 49%.
CPP sells Alpha Underwriting six months after buying it
Just Travel Cover, a leisure travel insurance specialist and insurance product and service provider, has bought the travel insurance and scheme specialist business Alpha Underwriting from CPP Secure.
Have you got what it takes to be part of Insurance Age's Future Force 2022?
Today Insurance Age launches a new project that seeks to highlight the up-and-coming brokers with annual gross written premium of under £30m that we believe will shape the future of the independent intermediary sector over the next decade.
Thomas Carroll grows profit and revenue in 2021
Thomas Carroll achieved turnover of £12.9m for the full year 2021, an uptick of 10.6% on the £11.7m in reported in 2020.
Lorega finds “natural home” at Ardonagh
Lorega will go to the “next level” under Ardonagh’s ownership, former leader and current CEO of Vizion Insurance Brokers John Sims has predicted.
Brown & Brown completes GRP takeover
US-headquartered Brown & Brown has completed the takeover of consolidator Global Risk Partners.
Staysure-owned Rock Insurance extends Axa Partners deal
Rock Insurance has developed its relationship with Axa Partners with a multi-million pound deal which will see the insurer underwrite a range of travel products.
Ardonagh buys Lorega
Ardonagh’s managing general agent segment Geo Underwriting has bought loss recovery insurance MGA and assistance specialist Lorega, Insurance Age can reveal.
Jensten Group renames and combines London Market proposition
Jensten Group has rebranded its London Market businesses which include Lloyd’s broker Senior Wright, and Lloyd’s and wholesale broker Tasker & Partners, as Jensten London Markets.
Erimus lifts lid on Gallagher deal
Managing director Lee Elgie said Erimus had not planned to sell the business ahead of its deal with Gallagher which was announced earlier this week.
PIB buys beauty specialist Balens
PIB has added Worcestershire-based broker Balens to its portfolio adding health, wellbeing, fitness and beauty insurance to its list of specialisms.
Primary Group appoints advisors for possible £1bn QMetric sale – report
Primary Group has taken on Perella Weinberg Partners to explore a potential £1bn sale of Policy Expert’s parent company QMetric, Bloomberg has reported.
Gallagher acquires Erimus Group
Gallagher has added to its branch network with its buy of Erimus Group for an undisclosed sum.
Acrisure targets SME brokers in M&A drive
Acrisure is set to target SME brokers in the UK and Ireland, following its Russell Scanlan buy, as it moves forward with its M&A strategy according to president, Mark McIlquham
Innovu to rebrand as Gallagher
Gallagher will rebrand Innovu and build the broker organically and through M&A into a top three player in Ireland, Michael Rea, CEO of Gallagher’s retail division, UK & Ireland has set out.
Goldman Sachs buys into Clear as ECI exits
The private equity business within Goldman Sachs Asset Management has signed up to buy a stake in Clear Group, the broker has confirmed.
GRP expands in Wales with Prescott Jones buy
Global Risk Partners has bought Swansea-based Prescott Jones for an undisclosed sum.