Mergers & acquisitions (M&A)
Covéa to focus on underwriting after Swinton sale
Personal lines broker being sold to Ardonagh for £165m.
Ardonagh pledges to keep the Swinton brand
Janice Deakin to be in charge of Ardonagh’s personal lines business following £165m deal as Swinton hailed the "missing piece" in the group's personal lines offering.
Ardonagh buys Swinton for £165m
Deal for personal lines specialist adds over one million customers to the group.
Aston Lark buys Pharos Insurance Brokers
Third deal of the year adds £8m of GWP to group as Blanc targets two more acquisitions in 2018.
Podcast: Allianz’s Sarah Mallaby gives her view on five stories from the week
Mallaby discusses Marsh’s takeover of JLT, cyber issues in the market and insurance fraud.
Quizzical questions: 21 September 2018
Test your knowledge of the week's news with our topical quiz.
MMC confirms up to 3,750 jobs in danger from JLT takeover
MMC expects a headcount reduction of 2-5% of its total workforce.
MMC boss Dan Glaser lifts the lid on the 11 day JLT deal
The combined group has $17bn of revenue and 75,000 staff.
Brokers see opportunity in MMC’s JLT takeover
Experts question the value of the deal.
Marsh & McLennan buys JLT in $5.6bn deal
Deal expected to close in spring 2019.
Broking Break - Your Top Five
Deals, management exits and FCA guidance were among the top five most clicked on stories by brokers this week.
Dixons completes MBO backed by Ataraxia
Deal puts succession plan in place at the broker, while Ataraxia takes minority stake in the business.
Quizzical questions: 14 September 2018
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GRP buys U-Sure
Tenth deal this year for consolidator and 34th in total.
China Re buys Chaucer Group for $950m
Previous owner Hanover appointed Goldman Sachs earlier this year to explore options.
PIB backers in $6.7bn Sedgwick deal
The Carlyle Group becomes majority investor in claims firm.
Ataraxia backs Thompson & Co's MBO
Investor takes minority stake in the business as it completes its third deal since May.
Axa to complete $15bn XL takeover tomorrow
Deal has received regulatory approval.
Livingbridge buys into Equipsme
Healthcare MGA secures £2m of funding.
Nexus snaps up Altitude Risk Partners
Specialist aerospace MGA marks Nexus' tenth deal in three years.
Podcast: Aviva’s Phil Bayles shares his thoughts on the week’s top five stories
Bayles tackles chartered status, InsurTech and consolidation.
Saffron boss David Beswick targeting £60m GWP by 2020
Broker has already struck two deals since being bought by Broker Network this January.
Quizzical questions: 7 September 2018
Test your knowledge of the week's news with our topical quiz.
Saffron posts results for year to Broker Network takeover
Turnover and profit drop at the broker.