Gary Humphreys says the provider is actively looking to buy more businesses as he flags further consolidation in the personal lines space.
The motor insurance specialist, which is Abacai's first acquisition since it launched last month, will remain a standalone business run by its current management team.
The business will become part of Howden and rebrand as Howden Sturge.
IMAS director John Nisbet discusses how consolidators can continue to grow and warns that private equity backers could move on from the sector as a result of a “diminishing opportunity” in the broking market.
As Markerstudy acquires Brightside Jonathan Swift looks at a deal over seven years in the making that has highlighted a tale of two investments for Anacap.
It is the fourth deal this year for Specialist Risk Group and adds £30m in GWP to the business.
Element Hinton specialises in construction, waste, engineering and leisure and the deal follows investment into PIB by Apax Partners.
Canadian insurer Intact is set to buy RSA's Canadian and UK & International operations in the second quarter of this year.
Markerstudy finally gets its hands on the specialist personal lines broker after being rejected for undervaluing the broker in 2013.
Bristol-based broker Venture Insurance has joined the Peter Blanc-led business.
Morphose Capital Partners’ Nick Atherton reveals how brokers can make the most of a post-pandemic uptick in M&A activity
JM Glendinning has acquired specialist insurance services firm Nowell & Richards for an undisclosed sum.
The MGA is chartered and based in East Anglia.
GRP purchased Birmingham-based Newstead in January this year and described it as a “flag in the ground” in the city as it seeks to build its presence.
Bruce Stevenson has been bought for an undisclosed sum and CEO Edward Bruce will now lead Aston Lark’s operations in Scotland.
The deal, which is set to complete later this year, will see the Axa XL Private Clients team move across to Aviva to launch a new Aviva Private Clients proposition.
PE firm backs DR&P Group with intention to support the broker to grow organically and through acquisition.
Deal for IIGL will see Avid diversify into four new specialisms as the MGA's GWP reaches £75m.
Hemsley Wynne Furlonge, which will be bought by Ardonagh subsidiary Hamilton Investment Bidco, brings £10m of revenue and 17 staff to the group.
In our continuing series, Beech Tree founder, Marsh talks through the investor’s interest in UK insurance distribution and its investment into managing general agent Avid Insurance.
Motor insurtech Abacai launches with backing from Complete Cover owner Sun Capital and sees Wilson take charge as CEO alongside a leadership team including two executives from CCG.
It has bought Advance Insurance Agencies to act as a specialist personal lines hub for its franchisees and broking operation.
Five Insurance Brokers specialises in the construction, manufacturing and process, haulage, motor trade and warehousing sectors and will become an appointed representative of GRP.
Deal includes two niche brands - Self-Build Zone and Build-Zone - as well as technical surveying and risk management business Build-Zone Survey Services.