Private equity (PE)
Stubben Edge secures £5.6m investment
UK-based Insurtech Stubben Edge has secured a £5.6m investment which it said will be used for further growth through new business and an “ambitious” M&A strategy.
DR&P Group strikes five deals in 2021 after Inflexion investment
Broker holding company DR&P Group made five acquisitions in 2021 after private equity house Inflexion invested in the business and secured funding from Ares Management, a filing at Companies House has revealed.
Smyth flags M&A opportunity following UK General deal
UK General is planning to grow via M&A, new products and bring in fresh teams following investment by RCapital and Montague according to CEO Tim Smyth.
Private equity duo buys UK General plus Precision Partnership
UK General has been acquired by Montague and RCapital Partners from Primary Group for an undisclosed sum.
MGAs rising up GRP’s buying plans
The takeover of Global Risk Partners by Brown & Brown has enhanced GRP’s ability to buy managing general agents as well as strengthening the pipeline for deals with brokers that did not want to be under private equity ownership, according to CEO Mike…
Refinancing gives Seventeen the ammunition for deals, says Paul Anscombe
Seventeen Group has deals in the pipeline and the firepower to continue to buy after completing its refinancing with Ares Management, according to CEO Paul Anscombe.
Seventeen Group completes refinancing
Seventeen Group, the parent firm of broker James Hallam, has refinanced with Ares Management.
UK General up for sale again
UK General’s latest filing at Companies House has revealed the personal lines specialist, which lost £9.13m in nine months up to 30 March 2021, is up for sale.
Ripe grows turnover in 2021 with profits stable
Ripe Thinking has reported a 24% rise in turnover to £23.27m for 2021.
Brown & Brown completes GRP takeover
US-headquartered Brown & Brown has completed the takeover of consolidator Global Risk Partners.
Primary Group appoints advisors for possible £1bn QMetric sale – report
Primary Group has taken on Perella Weinberg Partners to explore a potential £1bn sale of Policy Expert’s parent company QMetric, Bloomberg has reported.
Goldman Sachs buys into Clear as ECI exits
The private equity business within Goldman Sachs Asset Management has signed up to buy a stake in Clear Group, the broker has confirmed.
Carlyle funds buy NSM in £1.44bn deal
White Mountains Insurance Group has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with global investment firm Carlyle the former majority backers of PIB Group.
Premium Credit bought by Towerbrook Capital Partners
TowerBrook Capital Partners, a London and New York-based international investment firm, has agreed to buy Premium Credit from Cinven.
Analysis: The Yanks are coming
US-broker Brown & Brown has firmly stuck its flagpole into UK soil by buying GRP. David Worsfold considers what this means for the wider sector and asks if more US-firms will stake their claim on the consolidators.
Brown & Brown takeover of GRP will open up shareholder opportunities for staff
New owner says GRP has found its forever home and will back further acquisitions.
US giant Brown & Brown to buy GRP
Consolidator confirms no changes to management team, headcount and brands under new owners, the sixth largest broker in the world.
M&A deals hit £6bn in 2021
The latest annual review published by IMAS explains the "M&A frenzy" and warns of challenges ahead.
In Person: Emma Rawlinson, Atlanta CEO
Rawlinson tells Insurance Age about taking over the reins from Ian Donaldson and discusses the broker's acquisition plans and the "volatile" personal lines market.
Markerstudy buys BGL Insurance
The transaction is expected to complete during the first half of 2022 and follows hot on the heels of Markerstudy's deal for Lloyd's broker Clegg Gifford.
Ardonagh valued at $7.5bn as it reveals fresh investment
The Abu Dhabi Investment Authority joins group of investors alongside existing shareholders MDP and HPS.
News Analysis - How is US money reshaping the UK market?
David Worsfold explores the power of the dollar in broking and examines the drivers behind US investment into the UK market.
Opinion: Fair value – fair play
The FCA’s rules on fair value have come at the right time, and those not ready to follow them may soon fall by the wayside, writes Partners& chairman Stuart Reid
Granite buys telematics broker Carrot
The insurtech specialist will retain its office in Crewe following the deal.