Mergers & acquisitions (M&A)
Matson flags M&A as key to Gallagher growth strategy
Gallagher's UK business has reported 14% organic growth in Q1 2022 with EMEA CEO Simon Matson highlighting “advanced” deal discussions with a number of firms.
Profit and turnover up at One Broker as firm eyes acquisitions
One Broker has posted a 21.2% rise in Ebitda to £2.15m in its latest set of annual results driven by schemes success.
Lloyd & Whyte grows revenue in 2021
The holding company of Lloyd & Whyte has reported a 22.2% increase in turnover in 2021 as acquisitions boosted the total to £23.4m.
GRP’s County Group buys again in Wales
Global Risk Partners-owned County Group has bought 100% of the share capital of Archenfield Insurance Management in Wales.
Mason Owen Financial Services completes MBO from parent company
Commercial property agency Mason Owen & Partners has sold its majority shareholding in broking arm Mason Owen Financial Services and its subsidiary companies to the current management team led by managing director Andrew Gibbons.
Scotland a key part of Partners& strategic vision
The organisation is planning to grow its presence in the region following the deal with Macdonald Group.
AbbeyAutoline buys BMG Insurance
Portadown-based BMG Insurance is to be acquired by AbbeyAutoline for an undisclosed sum.
Bruce Stevenson opens fifth branch
The Scotland-based business has opened an office in Perth as it eyes expansion in the region.
JMG enters Scottish market with joint ownership deal
The JM Glendinning-parent has moved into the Scottish market and will support a management buyout deal at Greenwood Moreland which is headquartered in Hamilton.
Needham Insurance buys Sheffield broker
Needham Insurance Services has bought Baldersons Insurance for an undisclosed sum.
Broker revenue falls at the AA
Revenue from broking activities fell to £100m for the year to 31 January 2022, the AA has revealed.
Howden buys SPF Private Clients
Howden has signed-up to buy SPF Private Clients for an undisclosed sum, subject to regulatory approval.
Iprism posts increased profit in run-up year to MBO
Iprism Underwriting Agency has reported a 9.7% increase in profit for the year ended 30 June 2021.
JM Glendinning buys Sphere Group
Newcastle-based insurance broker and risk management firm The Sphere Group has been acquired by JM Glendinning Group for an undisclosed sum.
Partners& enters Scottish market
The MacDonald Group has been acquired by Partners& in a deal which is due to complete in June.
PIB snaps up international wholesale specialty broker Guest Krieger
The London Market broker writes specialty business mainly emanating from Israel but also from more than 30 other countries.
Analysis: The Yanks are coming
US-broker Brown & Brown has firmly stuck its flagpole into UK soil by buying GRP. David Worsfold considers what this means for the wider sector and asks if more US-firms will stake their claim on the consolidators.
Financials Acquisition Corp to float on Stock Exchange
The special acquisitions company is looking to raise £150m to drive MGA and tech deals.
PIB buys Bailey Garner (Health & Safety)
The deal adds nearly 20 staff to the consolidator’s risk management business taking the total headcount to approaching 80.
AUB Group confirms Tyser deal talks
The Australia and New Zealand-based broking and underwriting group said no terms have been agreed.
New RSA CEO Ken Norgrove promises to fix current “average” broker service
The insurer is keen to grow in SME in partnership with brokers but will not be targeting micro business.
Tasker Insurance Brokers becomes Jensten as group streamlines brands
The Jensten Group has a revealed a transformation programme to simplify its corporate structure, systems, and brands.
Think Insurance makes first broker buy
The motor and niche specialist has added to its commercial offering led by Russell Bence.
R&Q agrees £482m sale to Brickell
The deal would give shareholders a premium of around 20% on yesterday’s closing price.