Mergers & acquisitions (M&A)
Ardonagh makes Australian move
Resilium, a network with 150 ARs across Australia, has joined the consolidator.
Interview: Willis Insurance and Risk Management
Managing director Richard Willis tells Ida Axling about the broker’s acquisition and growth plans and reveals the thinking behind launching a new MGA offering.
Gallagher names Chris Patterson as regional MD for the North West
Move follows Gallagher's purchase of Bollington earlier this year and will see Patterson lead the broker's offices in Liverpool, Manchester, Sale and Chester.
Video Q&A: We chat to the MGAA's Mike Keating
Managing General Agents Association CEO Mike Keating talks to Insurance Age content director Jonathan Swift about the hot topics impacting his members and their broker partners.
Intact's RSA takeover "on track" to complete in Q2 2021
RSA shareholders voted to approve the deal last month.
SRG buys trade credit specialist
The Channel Partnership was founded in 1992 and is SRG's third deal this year.
Jensten to accelerate M&A pace
CEO Alistair Hardie explains how the business is planning to grow in 2021.
Jensten acquires Packetts
The deal adds £13m in GWP to Jensten Group which is targeting £500m in GWP.
Ardonagh buys specialist PI broker
Hera Indemnity, which specialises in professional indemnity insurance for solicitors and brings GWP of £41m, will become part of Ardonagh Advisory alongside brands including Ethos Broking, Broker Network, Compass UK and Towergate's regional branch…
Newcastle-based MGA Generation bought by Arden UW
The combined group, part of Belfast-headquartered Willis & Company, will trade under the Generation brand and plans to expand its footprint across the UK.
Gallagher posts rising brokerage revenues for 2020
Europe, Middle East and Asia CEO Simon Matson says the UK business achieved organic growth of 5% in 2020.
Markerstudy "keen to get back on the acquisition drug" after £200m investment
Group underwriting director Gary Humphreys says funding agreement led by Pollen Street Capital restructures the MGA's debt and opens the business up for making further deals.
Howden to buy in the UK as it confirms £500m war chest
CEO David Howden hopes A-Plan will help attract UK brokers who do not want to join the "traditional aggregators" as it explores deals of all sizes.
Markerstudy in £200m investment deal led by Pollen Street Capital
QIC is also set to participate in the transaction, as Markerstudy says it plans to grow organically and through acquisitions.
Howden reveals organic growth of 6% and rising revenues
The broking group says it has facilities of over £300m to support growth and acquisitions, as it looks to make more deals in the retail space and to grow its MGA arm, Dual.
PIB’s Brendan McManus lifts lid on Apax deal
The leader says brokers have become even more popular with private equity investors following Covid-19 as many have sustained performance and kept hold of revenue despite the pandemic.
GRP-owned Premier Choice Healthcare makes first deal
PCH, which was bought by GRP last June, says it is committed to expanding the consolidator's healthcare operation.
PIB sold to Apax funds
The investment is set to “accelerate strategic M&A” for the broker as it is also confirmed that former backer, the Carlyle Group, has retained a minority stake in the business.
The Insurance Age Deal Tracker
Who is making the most deals? Which regions are acquisition targets? Keep up-to-date with the latest in broker M&A with our dedicated tracker.
RSA shareholders say yes to £7.2bn takeover
Canadian provider Intact and Danish insurer Tryg made a cash offer for RSA in November 2020.
US giant, AssuredPartners, plans to double UK turnover as it hits M&A trail
David Heathfield, CEO of the US-based broker’s UK arm, discusses its recent deal to buy Borland Insurance and reveals ambitious UK growth plans.
Analysis: Gaps in the market
Where does Gallagher’s buy of Bollington Wilson leave the independent broker space?
A-Plan to absorb Howden’s UK retail business
More than 100 staff are set to move across as A-Plan is set to become Howden’s retail flagship.
US-firm AssuredPartners buys Borland Insurance as it grows UK footprint
Borland is headquartered in Scotland and the deal follows AssuredPartners' purchase of Birmingham-based Hettle Andrews & Associates in 2019.