Group CEO Paul Moors chats to Insurance Age about the broker’s Watson Laurie deal, future growth plans and cutting ties with Gefion.
Guy Penn & Co becomes the latest Ethos regional broking powerhouse.
The business bought trade credit brokers Credit and Business Finance in March 2019 and Credit Risk Solutions in October 2017.
The MGA, which specialises in the construction, leisure and commercial sectors, brings £20m of GWP to Ardonagh and will operate within Geo Specialty Group.
Stuart Grieb joins the consolidator as regional managing director for the South, while Chris Haggart moves to take on wider responsibilities across GRP's retail division.
The GRP-owned business has purchased Cheshire-based Britannia Consultants Services.
Both Aon and WTW are holding extraordinary general meetings for shareholders on 26 August.
Broker reveals it recently undertook a strategic restructure, creating a single insurance division, and completed a deal for broker Robertson-McIsaac.
Broker states it has a number of deals in due diligence and expects to add to its portfolio soon.
Ardonagh’s £26m purchase of the motorcycle specialist approved by the FCA, but the ongoing CMA inquiry looking at how the transaction impacts competition in the market continues.
The firm has purchased Incepta for an undisclosed sum.
Northern Irish brokers to begin trading as AbbeyAutoline from 1 September
Bennett Christmas is part of the Ethos broker stable and adds the professional indemnity specialist to its portfolio.
The two broking giants describe the legal actions as “without merit”.
Acquisition of Leeds-based broker follows hot on the heels of deals for UKinsuranceNET and Marx Re-Insurance Brokers
The deal values Hastings at around £1.66bn as the provider also publishes half year results.
Unite said the deal is a “betrayal” of the Co-op philosophy as trade union predicts 200 jobs at risk once deal goes through.
The group is meeting with Centerbridge Partners Europe, LLP alongside Towerbrook Capital Partners UK, Platinum Equity Advisors and Warburg Pincus International as it flags £2.65bn of debt.
The deal is S&G's first after it was formed in March 2020 with the aim to support smaller brokers.
Downey discusses what it was like to take over as CEO just before lockdown, the future for Pen and why Covid-19 could lead to a “Darwinian moment” for the MGA market.
The regulatory body must make a decision on whether to refer the merger for further investigation by 16 September this year.
CFO Ryan Brown says the consolidator has a "very healthy pipeline" of future acquisitions, as PIB's GWP hits £986m.
The Brolly team, including founder Phoebe Hugh, is set to move across to Direct Line once the deal is completed.
HTC Associates, based in Derbyshire, brings around £5m in GWP to Jensten.