Private equity (PE)
BDH owner reveals growing losses and turnover in 2025
Salinas Topco, the holding company for Top 100 UK broker BDH, has posted rising turnover in the last financial year and losses reaching £11m.
Ex-Howden boss heads team of 14 at new cyber broker
Sodalis Capital, the recently created investment venture focused on international insurance intermediaries, has launched its first broking start-up in Brecon Specialty.
Open GI parent trims losses in year of Ares deal
Open GI’s parent company, OM Bidco, cut operating and post-tax losses in the year Ares Management bought the business, a filing at Companies House has revealed.
Policy Expert recruits from PIB for new COO to replace co-founder Powell
Personal lines specialist Policy Expert has appointed Richard Kirby as chief operating officer to support what it has described as “its next phase of growth”.
Bermuda insurer invests in MGA consolidator
The owner of UK MGAs Avid and Landmark, Bishop Street Underwriters, has announced that it has completed a strategic structured capital investment of $125m (£93m) by White Mountains Insurance Group.
Interview: Accelerant boss Radke on seeking broker input to help sector unlock value
“We would love an opportunity to start a dialogue with a number of UK brokers,” Accelerant Risk Exchange CEO Jeff Radke has told Insurance Age stressing the platform is not just looking towards “big, giant” brokers.
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.
Cullum and McCaffrey on Minority Broker Partnerships’ aim to hit £100m GWP by end of 2026
Launched without much fanfare, Minority Broker Partnerships reunites Peter Cullum and James McCaffrey into the intermediary investment space. However, as the pair tell Jonathan Swift the market has changed since their last attempt - with younger brokers…
Prestige CEO hails ‘landmark’ AUB deal
“Partnering with AUB Group gives us an exceptional platform to accelerate our growth, invest further in our people and services, and expand our presence across our current markets, while retaining the independence and culture that have been central to…
Inflexion and Ascend look to build ‘home where best brokers want to be’
Dominic Clark, investment director at Inflexion has targeted building the home the best brokers want to join, after buying Ascend Broking Group.
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.