Mergers & acquisitions (M&A)
Aviva names Owen Morris UK personal lines CEO as Direct Line deal completes
Owen Morris has been appointed CEO of UK personal lines at Aviva as the Direct Line takeover went through.
CMA greenlights Aviva’s takeover of DLG
The Competition and Markets Authority has today cleared Aviva’s takeover of Direct Line Group.
DLG CEO Winslow and CFO Poole to exit in Aviva takeover management reshuffle
Adam Winslow, CEO of Direct Line Group, will exit when the takeover by Aviva goes through.
Clear strikes deal for Surrey-based CR Toogood & Co
Clear Group has bought £14.5m gross written premium commercial broker CR Toogood & Co.
Atec buys Moorhouse from Lucida
Atec Group, owner of digital niche personal lines broker Ceta and managing general agent Arkel, has added to its stable and moved into the SME market buying Moorhouse from Lucida.
BP Marsh buys into property specialist MGA
Private equity house BP Marsh & Partners has revealed its second insurance investment in a month, taking a 27% stake in Cameron Specialty.
Aviva/DLG set for July as regulators rubber stamp takeover
The Financial Conduct Authority and the Prudential Regulation Authority have given the greenlight to Aviva buying Direct Line Group clearing a pathway for the deal to complete next month.
SRG names ex-Lockton and Marsh boss Nimmo as first UK CEO
Specialist Risk Group has recruited Neil Nimmo as its first CEO – UK, effective immediately.
South Korean insurer ups stake to 40% in specialty underwriter
Samsung Fire & Marine Insurance has entered into an agreement to purchase an additional 21% equity stake in the Canopius Group, bringing its shareholding to 40%.
Brown & Brown announces major acquisition
Brown & Brown has entered into an agreement to acquire RSC Topco, Inc, the holding company for Accession, the ninth largest privately held insurance brokerage in the United States, for $9.83bn (£7.3bn).
AssuredPartners deal still expected to close in second half of the year, says CEO Pat Gallagher
Gallagher is “playing it right down the middle of the fairway” with the US Department of Justice and still expects to close the deal for AssuredPartners in the second half of the year, according to CEO Pat Gallagher.
Miller completes AHJ buy
Miller has completed the acquisition of AHJ Holdings, the ultimate parent company of Alwen Hough Johnson and AHJ Europe.
Freedom sells broking arm to top 100 broker to focus on MGA business
Niche motor specialist One Sure Insurance has acquired fellow Top 100 UK broker Freedom Brokers, Insurance Age can reveal.
Dickson Group buys Northern Ireland broker
Dickson Group has made its first purchase of 2025 snapping up DTM Insurance Brokers based in Holywood, Northern Ireland.
Personal lines specialist buys bicycle and e-bike insurance brand
Niche Box Group has bought Next Generation Insurance Group – trading as Cycler – to expand into bicycle insurance as a stand alone or embedded into core covers.
Meet the MGA: Arkel
Chief underwriting officer Kris Lee outlines why data and people are key to Arkel’s success, none more than recent recruits Matthew Donaldson and Steve Lewis, and how its ‘dream team’ will take it to new heights in a ‘pivotal’ 2025 as it aims to become a…
Ageas’ Middle and Beckett on staying strong with broker growth ambitions amid deals
Ageas’ plans are “as strong as ever” when it comes to broker growth and the ongoing deals will not be a distraction, its bosses have promised the sector as they flagged home insurance expansion as a key priority.
Leicester-based broker strikes first acquisition
GOAT Insurance has purchased the full book of business from IGG Insurance, marking its first buy.
Acrisure valued at $32bn in $2.1bn funding raise
US broking giant and Top 100 UK broker Acrisure has secured a $2.1bn (£1.57bn) capital raise in a funding round led by Bain Capital.
TBIG backs Deva to buy David Vaughan & Co
The Broker Investment Group-backed Deva Risk Group has bought insurance broker David Vaughan & Co, adding offices in Dolgellau and Machynlleth, North Wales.
CMA launches Aviva/DLG merger inquiry
The Competition and Markets Authority has today announced the launch of a merger inquiry into the Aviva/Direct Line Group deal.
Acrisure UK boss happy with deal pipeline as he dismisses “myth” of diminishing targets
The boss of Acrisure’s UK retail business has rebuffed suggestions it has missed the boat in terms of having the best pick of suitable broking acquisitions – and pointed to its ownership structure and “myth” about size of potential target base as factors…
JMG confirms new investor
Chicago-headquartered private equity house GTCR has invested in JMG Group alongside existing backer Synova and the broker’s leadership team.
Blog: How can the industry maintain Biba fever in the new era?
Heading into another Biba conference, there will be some similarities compared to previous years, but with changes in the market through large deals, what can brokers expect as the trade body hails a new era? Rosie Simms shares her thoughts.