Mergers & acquisitions (M&A)
Deadline extended for AA takeover talks
The three potential buyers have an additional four weeks to make a bid for the AA as the motor specialist says discussions are progressing.
Shareholders approve $30bn Aon/WTW deal
The agreement was originally announced in March this year and will see the creation of the world’s largest broker.
Abbey Autoline hits acquisition trail after rebrand
MD Julie Gibbons discusses the broker's rebrand, acquisition plans, opening up after lockdown and how the business has ended up with a female majority in management roles.
Bollington has five deals in the pipeline as it gears up for growth
Group CEO Paul Moors chats to Insurance Age about the broker’s Watson Laurie deal, future growth plans and cutting ties with Gefion.
Ethos Broking makes first deal since takeover by Ardonagh
Guy Penn & Co becomes the latest Ethos regional broking powerhouse.
Nexus unites trade credit broking teams under Xenia brand
The business bought trade credit brokers Credit and Business Finance in March 2019 and Credit Risk Solutions in October 2017.
Ardonagh buys Thames Underwriting
The MGA, which specialises in the construction, leisure and commercial sectors, brings £20m of GWP to Ardonagh and will operate within Geo Specialty Group.
GRP reveals management changes
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.
County makes second deal in a week
The GRP-owned business has purchased Cheshire-based Britannia Consultants Services.
ISS and Glass Lewis urge shareholders to vote in favour of Aon/WTW deal
Both Aon and WTW are holding extraordinary general meetings for shareholders on 26 August.
Lycetts returns to profit in 2019
Broker reveals it recently undertook a strategic restructure, creating a single insurance division, and completed a deal for broker Robertson-McIsaac.
GRP-owned County buys CJN Insurance Services
Broker states it has a number of deals in due diligence and expects to add to its portfolio soon.
CMA orders Ardonagh to keep Bennetts separate as deal completes
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.
Aston Lark consolidates Lloyd's presence with broker buy
The firm has purchased Incepta for an undisclosed sum.
Abbey and Autoline to merge into single brand
Northern Irish brokers to begin trading as AbbeyAutoline from 1 September
Bennett Christmas buys Sennet Insurance Services
Bennett Christmas is part of the Ethos broker stable and adds the professional indemnity specialist to its portfolio.
WTW and Aon address five lawsuits amid deal transaction
The two broking giants describe the legal actions as “without merit”.
PIB buys Rigton Insurance
Acquisition of Leeds-based broker follows hot on the heels of deals for UKinsuranceNET and Marx Re-Insurance Brokers
Hastings bought by Finnish/South African consortium
The deal values Hastings at around £1.66bn as the provider also publishes half year results.
Co-op hits out at Unite over Markerstudy deal claims
Unite said the deal is a “betrayal” of the Co-op philosophy as trade union predicts 200 jobs at risk once deal goes through.
AA confirms offer talks amid refinancing
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.
S&G Risk Solutions buys BLW Insurance Brokers
The deal is S&G's first after it was formed in March 2020 with the aim to support smaller brokers.
In Person: Pen Underwriting CEO Tom Downey
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.
CMA launches official inquiry into Ardonagh’s Bennetts deal
The regulatory body must make a decision on whether to refer the merger for further investigation by 16 September this year.