Private equity (PE)
Bain Capital to buy Esure for £1.2bn
Esure also reported a 12% rise in GWP, but a fall in profit for the first half of 2018.
Clear secures refinancing deal with ECI Partners
Broker to use new funds to make acquisitions and invest in people, technology and innovation.
PE firm Capital Z invests in Abbey Insurance Brokers
Belfast-based broker's parent company Prestige Insurance Holdings secures multi-million pound investment.
Ceta posts rising numbers for MBO year
Profit and turnover increase at the broker.
Quizzical questions: 15 June 2018
Test your knowledge of the week's news with our topical quiz.
Podcast: The top five stories of the week
Insurance Age’s editor and reporter get behind the headlines of the most read stories of this week.
Private equity most likely buyer in Swinton sale
Brokers speculate that a house specialising in “turnaround” could buy the broker which is believed to be on the market for £400m.
Coversure backers Livingbridge “not done” with insurance investments
PE firm met with 30 brokers before partnering with Bob Darling and management team
Coversure CEO confirms new acquisition strategy following MBO
But CEO Bob Darling notes the company is not stepping away from the franchise model and reveals founder Mark Coverdale will retire when the deal goes through.
Coversure management completes MBO
New private equity backers to fund expansion via takeovers as well as new locations and services.
Applied Systems not looking to buy Open GI
Sources say Applied backed by private equity firm Hellman & Friedman did consider making a bid.
Open GI sale predicted for this year
Industry expects another private equity backer.
In Person: Konsileo CEO and co-founder John Warburton
Having secured £2.7m Series A funding from Committed Capital, Konsileo co-founder and CEO John Warburton tells Jonathan Swift how taking offence at consolidation and a digital role in Munich led him to start-up his own InsurTech broker
Insurtech start-up Konsileo secures £2.7m in funding
John Warburton's InsurTech start-up Konsileo is targeting 25 brokers after receiving funding.
Magenta invests in Iprism founder Gary Burke's MGU
New backer to "support rapid growth" of the managing general underwriter.
Double digit profit growth at Miles Smith in 2017
All divisions report rises in turnover.
Canopius completes exit from Sompo Holdings
The £737m deal for the Lloyd’s insurer was first announced last September.
No “for sale” sign up at Clear, says Howard Lickens
Broker CEO investigating funding options as he looks to double the business.
AllClear sells majority stake to Synova Capital
Travel broker appoints Chris Rolland as CEO and reveals plans to hire 30 new staff.
Tempcover targeting growth in “perfect storm” of increasing demand
Broker to spend on advertising, staff, IT and potentially acquisitions after private equity-backed MBO deal.
Paul Chainey aiming to double Miles Smith turnover after private equity deal
CEO confident of hitting five-year target.
Tempcover completes £13.3m MBO
Deal backed by private equity firm Connection Capital.
Private equity buys majority stake in Miles Smith as MS Amlin exits
Broker has over 220 staff and annual GWP of £170m.
GRP lining up deals with £200m of new funding
Chief operating officer Stephen Ross explains losses for 2017.