Mergers & acquisitions (M&A)
Ataraxia increases its stake in Manchester-based JTS
Peter Cullum-backed Ataraxia broking group has increased its stake in Jones Taylor Steven, a commercial insurance broker based in Worsley, Manchester.
Ardonagh buys Alice Castle
Ardonagh Advisory has agreed to buy professional indemnity and cyber insurance specialists Alice Castle, Insurance Age can reveal.
R&Q delays shareholder vote on takeover
R&Q has postponed the shareholder vote on being bought by Brickell until 25 May.
Aviva enters exclusive discussions to buy Azur’s HNW operation
Aviva has opened exclusive negotiations with specialist managing general agent Azur Underwriting to buy its high net worth personal lines business in the UK and Ireland.
Income and Ebitda up at Ardonagh Advisory in Q1
Ardonagh Advisory has posted a surge in income for the first three months of 2022 to £95.5m.
PIB adds to Spanish portfolio
PIB Group has bought Spanish broker Tractio.
Deals poised to come to fruition, says Markerstudy leader Gary Humphreys
Markerstudy is keen to push on with further buys after securing BGL Insurance and Clegg Gifford at the turn of the year, according to group chief underwriting officer Gary Humphreys.
County Group make third deal of the year with Marsh and Co
County Group, which is part of GRP, has purchased broker Marsh and Co, and its MGA, Ginger Markets, for an undisclosed sum.
Allianz puts Home & Legacy up for sale
Allianz is exploring options for Home & Legacy which could include a sale with high net worth not being seen as a core strategy for the current owners, Insurance Age can reveal.
Acrisure lifts the lid on network rollout and broker buying plans
Acrisure is forming a network and its application to the Financial Conduct Authority is “going in now”, president of UK retail Mark McIlquham, has revealed.
30 minutes with: Ardonagh's Rob Worrell
Rob Worrell joined Ardonagh Advisory – which includes Towergate, Ethos Broking and the networks business – in 2017. Insurance Age caught up with him to find out what has changed for the £4bn GWP broker
GRP buys Durham-based Castle Insurance Services
Global Risk Partners has bought 100% of the share capital of Castle Insurance Services as the consolidator targets growing its presence in the North East.
DR&P buys Channing Lucas & Partners
DR&P Group bought a 90% stake in Lloyd’s broker Channing Lucas & Partners late last year, according to a filing at Companies House.
Carlyle funds buy NSM in £1.44bn deal
White Mountains Insurance Group has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with global investment firm Carlyle the former majority backers of PIB Group.
Clegg Gifford buys ARs to expand branch network
Markerstudy-bound Lloyd’s broker Clegg Gifford is targeting a branch network of 30 and is buying up its current appointed representatives, Insurance Age can reveal.
AUB Group to purchase Tysers for £500m
The Lloyd’s wholesale broker has entered a binding agreement to be bought by AUB.
Brokerring takes stake in accounts firm
Ataraxia and Brokerbility founder, Stuart Randall, explained that the advisory business has developed since it was set up last year to support independent brokers.
GS Group buys Dundee-based Strathtay
Family run business, Strathtay Insurance Brokers, has been bought by Perth-headquartered GS Group.
Dave Clapp sets £250m three-year target for MVP and Ataraxia
Dave Clapp, CEO of Minority Venture Partners and Ataraxia, has unveiled a £250m gross written premium target for the broker investment group over the next three years.
Think targeting £30m GWP within three years
Think Insurance is currently looking at two more broker buys and has set a target of £30m gross written premium by 2025, commercial director Russell Bence told Insurance Age.
Landmark Underwriting makes two buys
Landmark Underwriting has revealed its first two deals after raising debt financing through SME lender BOOST&Co.
Seventeen Group buys Torbay Insurance Services
Seventeen Group has added Torbay Insurance Services to its portfolio for an undisclosed sum in a move that completed at the end of April.
MUM reveals growth post Pen takeover
Manchester Underwriting Management has grown to just south of £70m gross written premium since being bought by Gallagher-owned Pen Underwriting, CEO Charles Manchester told Insurance Age.
Aston Lark buys UKGlobal
Aston Lark has bought UKGlobal Broking Group marking the consolidator’s 50th buy since being formed in 2018.