Private equity (PE)
Bain’s Jensten buy completes
Global private investment firm Bain Capital has completed the purchase of Jensten Group from private equity house Livingbridge.
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.
Arc Legal and Collegiate part of AmTrust/Blackstone MGA spin-off
AmTrust has reached a definitive agreement under which funds managed by Blackstone Credit & Insurance will partner in the spin-off of seven of the specialty insurer’s MGA and fee businesses to form a new independent company.
What next for Jensten Group after the Bain Capital buyout?
With Bain Capital investment now secured, content director Jonathan Swift outlines what the market might expect from Jensten Group as it enters a new era.
Bain Capital to acquire Jensten Group
Bain Capital, the global private investment firm, has signed a definitive agreement to acquire Jensten Group from Livingbridge.
With the Gallagher deal off the table, what are the next steps for PIB?
With PIB and its PE investors choosing to go again rather than sell to Gallagher, content director Jonathan Swift ponders what might lie ahead for the pan-European consolidator in an era of indigestion and M&A indifference.
PIB ends sales talks and reveals £400m debt raise
PIB Group has confirmed the end of “recent acquisition conversations”, drawing a line under the sales process with the comment that it is “appreciative of the attention it has received in the market”.
Ardonagh closes latest $2.5bn investment round
The Ardonagh Group has today completed a $2.5bn (£1.83bn) equity investment led by funds managed by Stone Point Capital, the US-based private equity firm.
BP Marsh buys into property specialist MGA
Private equity house BP Marsh & Partners has revealed its second insurance investment in a month, taking a 27% stake in Cameron Specialty.
SRG names ex-Lockton and Marsh boss Nimmo as first UK CEO
Specialist Risk Group has recruited Neil Nimmo as its first CEO – UK, effective immediately.
South Korean insurer ups stake to 40% in specialty underwriter
Samsung Fire & Marine Insurance has entered into an agreement to purchase an additional 21% equity stake in the Canopius Group, bringing its shareholding to 40%.