Mergers & acquisitions (M&A)
Broking Break: Your Top Five
New logos, people moves, acquisitions and secret FCA warnings make up the most read stories of this week.
Open GI deal "marriage made in heaven", says Transactor CEO Ray Vincent
Open GI CEO Chris Guillaume notes that the aim is to combine the best bits of both companies' technologies.
Open GI buys Transactor in £40m deal
Acquisition builds on purchase of Powerplace in 2013.
Towergate-owners poised to buy Ryan Direct Group
HPS Investment Partners and Madison Dearborn Partners are set to buy the provider according to market sources.
Aston Scott returns to profit in 2016
CEO Peter Blanc explains next steps after Bell & Co deal and praises staff for positive 2016 financial results.
County Group’s profit surges after acquisition frenzy in 2016
David Clapp CEO said more deals are “in the pipeline over the next few months”.
Davies Group makes first buy under new ownership
The deal of Cynergie UK is Davies’ first acquisition since HGGC took a majority stake in the business in January.
Gallagher's focus is on niche business, says Grahame Chilton
International brokerage CEO states he is excited about the future in the UK.
Insurance Age owner sells Insight Group to Infopro Digital
New backers expanding to the UK from France.
CFC bosses buy the business with new PE backer
Management team strike deal with support of private equity firm Vitruvian Partners.
Invicta buys GI portfolio from Priory
Broker states the deal is first in a series it has planned for 2017.
Brokers have learnt from their "very bad" ways of buying businesses
IMAS partner urges brokers to partner with Insurtech firms.
Travelers buys Simply Business
Digital broker bought for an enterprise value of $490m.
County Group buys Arthur Marsh & Son
Arthur Marsh & Son (Birmingham) is a £4.5m GWP broker and takes County up to £70m in GWP.
Aston Scott buys Bell & Co in Derby
First takeover deal of 2017 for the broker.
Ryan Direct Group silent on JC Flowers rumours
Firm declines to comment on rumours of deal with the buyer of UK General.
UK General sold to JC Flowers
The deal does not affect other parts of Primary Group such as One Commercial, Rural Insurance or Lorica.
Broking Break - Your Top Five
Acquisitions, ghost broker arrests, the discount rate cut and redundancies at Ageas make up this week's top five stories.
Academy buys Glynwood Insurance Services
The purchase is expected to give the broker greater "scale and resource" in the Midlands region.
Higos buys Courtenay Insurance Services
Deal is broker's first purchase in Cornwall.
News analysis: Private equity still making waves in market
Will PE investment lead to more smaller regional brokers being snapped up?
Clear buys MPW Insurance Brokers
Biggest ever deal for Clear will see MPW’s staff and management stay with the firm.
Principal buys motorcycle book from Rampdale
Deal adds nearly 7,000 bikes to Principal’s portfolio.
James Hallam buys Motor Race Consultants
The specialist broker is based in Dorking and was bought for an undisclosed sum.