Mergers & acquisitions (M&A)
Axa to buy XL for $15bn
Deal subject to shareholder approval and expected to complete in the second half of 2018.
Turnover dips but profit stable at Open GI in 2017
Software specialists increase R&D spend.
Quizzical questions: 2 March 2018
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Brendan McManus promises no pause to buying after Lorica deal
CEO says PIB will maintain focus on businesses with specialities.
Chartwell Healthcare bought by JLT
Broker Chartwell serves the UK SME sector and the deal takes GWP for JLT’s health and employee benefits divisions to £200m.
Towergate and Broker Network owners HPS and MDP buy Compass
Compass sells after its 2016 MBO from Arthur J Gallagher.
Clear buys Genavco Insurance
Broker now handles over £115m in premiums.
JLT targets bolt-on acquisitions
Deputy group CEO Drummond Brady hails “very strong set of results” for 2017 as broker posts 35% pre-tax profit rise.
Ataraxia takes stake in Glowsure
The broker now plans to grow through local acquisition.
No “for sale” sign up at Clear, says Howard Lickens
Broker CEO investigating funding options as he looks to double the business.
Quizzical questions: 23 February 2018
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Seventeen expands in Scotland with two deals
Move follows the broker's purchase of Rupert Burgoyne earlier this week.
Jon Dye brands 2017 as “landmark” year for Allianz in UK
Ogden change cost reaches £80m at the insurer.
Seventeen Group buys Rupert Burgoyne
Broker to keep staff and premises as it rebrands as Hallam Burgoyne.
Clear buys Robert Alexander
Broker’s premium grows to over £100m.
Quizzical questions: 16 February 2018
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ProAktive bosses complete £2m MBO
Founder Jon Whiteley stays with firm but steps down from day to day management.
Nexus Group buys MGA Apsley Specialty
Nexus says deal expands its directors and officers and financial institutions offering which it wants to grow to £35m of GWP by 2020.
Allianz looks at buying XL Group - report
Insurer wants to grow its US property & casualty business, according to Bloomberg.
GRP wants Camberford to buy
GRP’s Stephen Ross said Camberford Law has targets in mind as he also seeks to expand the MGA’s wholesale capabilities.
GRP buys Camberford Law
Insurance Age has learned that the deal sees MD David Ottewill leave the wholesale specialist.
Quizzical questions: 2 February 2018
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Aston Scott Group reveals final set of results before Lark merger
Profits are up at the consolidator as it looks to make more acquisitions.
News analysis: Full speed ahead for Markerstudy as broker community welcomes buyout
Qatar Reinsurance takeover confers an A-rating for the new MGA