Mergers & acquisitions (M&A)
Ardonagh eyes international growth
David Ross reveals expansion hopes and confirms more M&A targets in the UK.
Three become one as Marsh Commercial restructures networks business
Marsh ProBroker, Bluefin Network and Purple Partnership to become single networks proposition led by David Hopwood as Marsh Commercial seeks to align more closely with Marsh.
H&R Insurance Services buys APL Insurance Services
The deal was for an undisclosed sum and concluded at the end of 2019.
Aston Lark buys Isca Barum in first deal of 2020
Smallholding and farm insurance specialist brings £5m of GWP and 20 staff to Aston Lark.
CFC buys InsurTech start-up ThreatInformer
MGA says ThreatInformer's data enrichment technology will help it improve key activities in the underwriting process.
Searchlight believed to be final party in discussions with GRP – reports
GRP has been exploring sale and reinvestment options since last summer.
Zurich-owned N&G buys marine trade book from NMU
The book of business will be transferred to N&G at renewal and NMU marine trade underwriters will move across as part of the deal.
Hyperion reveals £300m spending pot and multiple deal wish list
CEO David Howden says revenue and GWP increases for 2019 were driven by organic growth as the broker reveals it is looking at 20 acquisition targets.
Banks-owned Somerset Bridge to sell Business Choice Direct
Group had held a 51% stake in Business Choice Direct since it was spun out in 2016.
Bruce Stevenson commits to independence amid M&A interest
CEO Edward Bruce said consolidator interest in the Scottish broker was increasing as it posted ‘record’ turnover for 2019.
Capsicum Re targets further growth following Gallagher takeover deal
Gallagher's UK boss Simon Matson addressed last year's "unfortunate" Gallagher v Ardonagh court case for the first time as he discussed the broker's full acquisition of Capsicum Re alongside CEO Rupert Swallow.
XL division absorbs Axa Corporate Solutions and Axa Art
Merger had originally been expected to be completed by the end of 2018.
Gallagher completes 100% Capsicum Re ownership deal
Business was founded in 2013 by Grahame Chilton and Rupert Swallow through a strategic partnership with Gallagher.
GRP buys Birrell Group to create Midlands hub
Broker becomes GRP's eighth major hub and will retain its brand, with all staff remaining with the business.
Finch buys Richmond-based Shene Insurance
Ethos-owned broker has now made ten deals in the last three years.
Integro continues rebrand to Tysers with entertainment and sport division
The broking firm renamed its corporate and private clients division as Tysers last July.
Tysers to absorb RFIB following acquisition
Deal to purchase parent company Risk Transfer Group has now completed.
Bollington buys SME specialist Ashgrove Insurance Services
CEO Paul Moors says Bollington is set to make more deals in 2020, with a focus on niche players or brokers that complement its existing business strategy.
GRP’s £68m acquisition spree revealed
Total covers 10 businesses that the group bought in the year to 31 March 2019.
Lockyers buys Newcastle-based broker
Deal is Lockyers' first since becoming an Ethos Broking partner in September 2018.
Aston Lark announces Irish CEO and CFO
Firm poised to make further acquisitions in Ireland under new leadership.
Optio buys terrorism specialist Newbridge from Castel
Newbridge was founded in 2015 as part of Castel’s MGA formation platform.
Mike Crane becomes L&G GI CEO as Allianz completes LV and L&G deals
Provider says the purchases of LV and L&G's GI businesses will see Allianz become the second largest general insurer in the UK.
GRP reaffirms acquisition strategy despite £17.9m loss
Accounting procedures and acquisition costs blamed as turnover and operating profit grow 48% and 173% respectively.