Private equity (PE)
Video interview: Peter Cullum on Towergate's refinancing
Days after Towergate Partnership announced the completion of its refinancing and £200m investment from private equity firm Advent International, founder and chairman Peter Cullum CBE spoke to Post about what now lies ahead for the broker.
Moorhouse online arm set to write £50m GWP
Welsh broker Moorhouse's online commercial arm Constructaquote is aiming to write £50m of gross written premium (GWP) by the end of 2013.
Cullum trade-off for IPO
Peter Cullum will lose his majority shareholding in Towergate Partnership as part of a new equity deal, Insurance Age understands.
Agenda: Hopes for the New Year
Ten years have passed since the dawn of the new millennium. The predictions of economic meltdown because of the millennium bug were false but we have seen crises that have had enormous impact on the global economy: 9/11, the crash of the dot-com bubble…
Focus - Broker funding: Finding your way through
With the major banks still cautious about lending, brokers are finding it tough to access funding for growth. Rachel Gordon looks at the options.
Technology - 2010 retrospective: Software houses moving forward steadily
This year, most of the key players in technology were pleased with steady progress, keeping close to existing clients in a tough economic environment for brokers, writes Andrew Tjaardstra.
News review: October
The founder and chairman of direct insurer Esure, Peter Wood, revealed that 2014 would be the earliest date that the company would launch an initial public offering.
Brit recommends buyout deal to shareholders
Brit Insurance has moved a step closer to selling the business after revealing it expects to recommend a buyout offer by Apollo Management and CVC Capital Partners to its shareholders.
Brit planning to recommend offer from Apollo and CVC consortium
Brit Insurance has confirmed receiving a cash offer of £10.75 per share from a consortium formed by Apollo Management and CVC Capital Partners.
Further changes at Brit as distribution boss bids farewell
Brit Insurance's head of distribution Tim Grant is leaving to join Dual Corporate Risks, Insurance Age can reveal.
Private equity house submits revised bid for Brit
The board of Brit Insurance Holdings has confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to be issued ordinary share capital of the company at a price of £10.75 per share in cash.
Blackham's boutique investment plan
Chris Blackham, former chief executive of Layton Blackham, opens boutique investment house Endorphin to invest in brokers.
Brit rejects PE valuation following share offer
Brit Insurance has confirmed that it has received an offer for the business from private equity firm, Apollo Global Managment.
Brit shares up 20% following private equity approach
Brit Insurance's shares have shot up in value in the first two and a half hours of trading this morning to 881 pence.
Lanes Assistance Services in MBO
Gresham, the UK mid market private equity specialist, has completed an investment of £12.3m in Lanes Assistance Services (LAS).