Mergers & acquisitions (M&A)
Acturis reveals profit jump in 2018
Software house set to pursue more deals as document reveals it paid £3.5m for Surrey-based ICE InsureTech in November 2017.
GRP’s County Group purchases Eric Rawlins & Company
County's second deal in a month brings its GWP to over £100m.
Seventeen Group buys Graybrook Insurance
Specialist medical malpractice and professional indemnity broker to be integrated with James Hallam, as Seventeen group secures new funding partner.
PIB's £50m spending on brokers in 2018 revealed
Consolidator's losses increased in 2018, but turnover jumped to £106.8m as it is set to continue its buying spree after £200m debt refinancing.
Three directors out as Policy Expert buys loss-making Sure Thing!
Adam Powell takes over as CEO as Sure Thing!’s Brendan Devine, Stevie Sutherland and Kevin Kiernan exit the business.
GRP-owned Sagars buys Thomas Cook
Deal is broker's first since it became part of GRP last year.
Broker Network owner set to make more deals with fresh funding
Bravo Group to agree loan worth £80m earmarked for acquisitions from major bank, as the business reports growing revenues for 2018.
PIB completes £200m debt refinancing
Exclusive: CFO Ryan Brown says company is set to make more deals in the UK and Europe with fresh backing from a number of lenders.
"Business as usual" for Allianz, LV and L&G following deals
Allianz UK CEO Jon Dye says there are no redundancy plans following the insurer's purchase of L&G GI, with the process of moving business from L&G into LV expected to take around two years.
PIB to keep the Cobra brand
PIB CEO Brendan McManus unveils his plans for Cobra, while Cobra boss Steve Burrows discusses the sale process, competition and feedback from network members.
Quizzical questions: 7 June 2019
Test your knowledge of the week's news with our topical quiz.
The Blog Spot: Cobra - how the once Towergate target ended up at PIB
Once upon a time you could not keep Cobra out of the news. Insurance Age content director Jonathan Swift reflects on how the business regrouped almost by stealth to become the latest important part of the PIB growth story.
GRP-owned County Group buys Meadons
County says more deals are to come as it nears £100m of GWP.
Four TL Dallas staff move to Blackford as part of its customer book purchase
Blackford founder and MD Tom Aldridge reveals the details of the deal and discusses the newly launched broker's acquisition strategy.
Brokers cautiously optimistic about Allianz's L&G GI buy
Experts say deal is "good fit", despite the possibility of it limiting choice in the market.
PIB buys Cobra
Deal sees premiums placed by PIB grow to £900m as Cobra's Steve Burrows steps down from CEO role but remains with the company as a consultant to "provide continuity".
Glasgow’s Blackford buys customer book worth £3m from TL Dallas Edinburgh
Broker opens a new office in Fountainbridge, Edinburgh, to accommodate its expansion, led by former Central-man, Tom Aldridge.
Gallagher completes acquisition of JLT’s aerospace operations
Purchase will mean JLT's 250-person global aerospace team will be transferred to Gallagher.
Tasker Insurance to drop Hobbs brand in future
Firm completes acquisition to work on its expertise in specialty markets.
Tasker completes second deal of 2019
The business bought Hobbs Broking, a Leicestershire-based firm, specialises in the life sciences and technology sectors.
Brokers to benefit from L&G deal, says Allianz's Dye
The UK CEO says brokers will remain Allianz's biggest distribution channel after the deal has been completed, as it also buys the remaining stake of LV with the intention of combining the two entities.
Allianz to buy remaining stake of LVGI for £365m
The insurer will fully own the LVGI business and has spent approximately £1.08bn on it since 2017.
Allianz UK buys L&G's GI division for £242m
Provider to combine the business with LV following the completion of the deal.
A-Plan confirms south west deals
The personal lines broker bought Westward Counties and Acer and has assimilated their books of business into its own local branches as it eyes pipeline of buys.