Management buyout (MBO)
Groupama UK CEO quashes MBO speculation
Groupama UK chief executive François-Xavier Boisseau has ruled out a management buyout.
Editor's comment: Tempting fate on features
Commissioning editorial copy can be a bit like tempting fate. This week’s broker-focused feature on mergers and acquisitions reflected back over 2011 as its starting point, when first conceived a couple of months ago, with a writer assigned to analyse…
News analysis: Groupama UK up for sale — but who will buy the group?
Will Groupama be sold lock, stock and barrel or broken into an insurer and its broker parts?
Hyperion courts Windsor as it takes firm steps towards flotation
The proposed acquisition of Lloyd’s broker Windsor by international broking and underwriting group Hyperion could lead to additional takeover deals in 2012, and would bolster the latter’s chances of initial public offering success, following confirmation…
Broking - Mergers & acquisitions: Do not disturb
2011 was a relatively sleepy year for merger & acquisition activity in the broker sector. Could 2012 be a wake-up call or will the market stay snoozing?
New Ellis Clowes MD hails business benefits of Formula One star NED
Karen Ellis has taken on the newly created chief executive officer role of specialist Lloyd’s insurance broker Ellis Clowes, 13 months after leading a management buyout of the business.
Hastings stands by Utley as he prepares to face disciplinary board
Hastings Direct has vowed to stand by chairman Neil Utley, pictured, as he prepares to face the Lloyd’s disciplinary board later this month, as part of an investigation into Equity Red Star.
Interview - Edward Fitzmaurice: Broking promises
With Hastings Direct on the cusp of becoming a top five broker and securing its one millionth customer, 2012 could be a landmark year for chief executive Edward Fitzmaurice
Meditel subject to MBO
Meditel is now operating as an independent organisation from a new establishment in Gouda following a management buy-out on 1 October.
MYI and Airclaims merge to enhance position in aviation
Loss adjuster McLarens Young International has merged with Airclaims to enhance its position in the aviation market.
A&A seeks CEO before Euro push
Non-standard motor broking specialist A&A Group has outlined ambitious plans to expand its European footprint, ahead of a potential cash injection.
BMS: US reinsurance focus after buy out
BMS bosses have vowed to switch the company focus towards the US reinsurance market following the news that the broker has reached an agreement to buy out its only external shareholder AHJ Holdings.
Giles plans flotation after MBO
Giles Insurance Brokers aims to float on the stock market by 2009, its chief executive said after it completed its £45m private equity-backed management buyout this week.
Hastings eyes Aviva and Allianz in 2012 IPO push
Hastings Direct's panel of insurers has more than doubled in size since a management buyout 18 months ago, with more firms due to sign up this year, as it eyes one million policies.
Hastings eyes Aviva and Allianz in 2012 IPO push - Insurance News Now - 23 June 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories including the news that the panel of insurers at Hastings Direct has more than doubled in size since an MBO 18 months ago. The firm is due to sign another five companies…
Sword talks to two after MBO
Insurance software firm Sword Insurance has hailed the growing influence of private equity in the insurance sector, after it confirmed a leveraged management buyout from French-owned Sword Group.
MA Assist wins exclusive RSA commercial contract
RSA has appointed MA Assist as sole repair supplier for its commercial property claims.
Ancile MBO refocuses plans
A management buyout of personal lines intermediary Ancile Insurance Group was always the intention, according to its managing director.
Online insurance specialist announces MBO
The management team of the Ancile Insurance Group has agreed to purchase the entire share capital of the business from its shareholders.
Besso management buys out Union Hamilton shares
Besso has insisted it is business as usual at the firm, after its management completed a shareholding purchase worth almost £3m.
Broker focus – private equity: the start of a broader movement?
2011 has already seen one major broking private equity deal involving Towergate. Rachel Gordon assesses whether this is likely to be a one off, or the start of a broader movement within the intermediary market.
Court of appeal disallows very late amendments in MBO case
This law report has been contributed by national law firm Berrymans Lace Mawer.
Interview - Marshall King: RFIB plans for the future
Softly spoken Marshall King has a track record worth shouting about. Lynn Rouse finds out about his plans to make sure everybody hears about broker RFIB.
LAS aims to treble its market share by 2013
Claims management firm LAS has pledged to treble its share of the drainage claims market by the end of 2012.