Private equity (PE)
AIG completes deal for Convex minority stake
AIG has completed the acquisitions of strategic minority ownership stakes in specialty insurer and reinsurer Convex Group and global asset manager Onex Corporation.
PE house Inflexion to invest £200m in new broker M&A platform
Inflexion, a European mid-market private equity firm, has launched an insurance broker platform looking to deploy £200m in M&A investment over the next four to five years, beginning with acquiring Ascend Broking Group.
Seventeen Group boosted turnover but losses widened in run-up to PE investment
Seventeen Group grew turnover by 16.4% to £52.76m in 2024 helped by 11 acquisitions however the cost of the deals hit the bottom line.
Jensten reveals deals bill in run-up to Bain takeover
Jensten picked up a bill of £75.73m for four acquisitions in its final full year under Livingbridge’s ownership.
£40m GWP broker eyes first acquisition after securing growth funding
Lytham-headquartered Tower Insurance Brokers has secured a multi-million pound growth funding facility from TDC.
PIB updates on progress following aborted Gallagher deal
PIB Group has revealed its M&A activity will be “exclusively centred” on Spain, Netherlands, Germany and France next year as it hailed a record 27 deals to September 2025.
Bain’s Jensten buy completes
Global private investment firm Bain Capital has completed the purchase of Jensten Group from private equity house Livingbridge.
End of Year Review 2025: Jensten Group’s Jonathan Skinner
Jonathan Skinner, group markets director, Jensten Group is impressed by Dame Sue Langley becoming Lady Mayor of London; raises an eyebrow over John Neal's non moves to Aon and AIG; and predicts a composite insurer will acquire a listed Lloyd’s vehicle.
BP Marsh founder steps down as Topping takes on CEO role
Serial insurance investor Brian Marsh who founded BP Marsh & Partners has stepped down from his executive role as Dan Topping becomes CEO with immediate effect.
AUB takeover talks end
AUB Group, owner of Tysers, Movo and a shareholder in Momentum, has confirmed the end of sales talks with a consortium of private equity investors in a move that has knocked 17.8% off its share price.
Gary Duggan to lead Hood Group as CEO steps down
Hood Group CEO Simon Hood has stepped down, with Gary Duggan taking over as interim executive chairman, Insurance Age can reveal.
Specialist agriculture broker secures six-figure British Business Bank deal
Agriculture specialist Acres Insurance Brokers has secured a six-figure debt finance package from government-owned British Business Bank.
ERS MD eyes international and motor innovation opportunities after Starr buy
While it is business as usual for ERS brokers and clients following the acquisition of parent IQUW by Starr this week, managing director Martin Hall is already spying future opportunities, especially for its motor innovation team.
AIG becomes strategic investor in top 10 UK insurer
AIG has taken a 35% equity investment in Convex and Onex Corporation has reinvested as a majority shareholder with 63% stake.
ERS parent snapped up in deal that will create 9th largest Lloyd’s insurer
Starr has entered into a definitive agreement to acquire ERS owner IQUW Group, a deal which will make it the ninth-largest agency operating at Lloyd’s.
GTCR and Synova completes investment in JMG Group
Chicago-headquartered private equity firm GTCR has completed its investment in Leeds-headquartered JMG Group alongside existing backer PE house Synova and the broker’s leadership team.
Top 100 UK Insurance Brokers 2025: Analysis
The big getting bigger, mid-tier brokers seeking M&A opportunities and a raft of start-ups. John Needham, a partner in the financial services team at PKF Littlejohn, picks through the trends in the 2025 Top 100 UK Insurance Brokers.
BP Marsh invests in PI broker and MGA start-up
BP Marsh & Partners has invested £2m in Salus Capital Partners, taking a 35% stake in the start-up insurance group specialising in professional indemnity.
New CEO Crosbie outlines MGA/M&A plans as Academy rebranded BDH Group
Academy Insurance Services has rebranded to BDH Group and appointed Gordon Crosbie as its new CEO, Insurance Age can reveal.
Bown steps down as CEO of Dayinsure, succeeded by Bibby
Barry Bown has stepped down as CEO of top 100 broker Dayinsure, to be replaced by Chris Bibby.
SRG’s Thorne to take over as Seventeen CEO from retiring Anscombe
Seventeen Group has announced that Specialist Risk Insurance Solutions managing director Oliver Thorne is to join the business in October as CEO.