Mergers & acquisitions (M&A)
Premium increases won’t deliver growth in 2025 says Axa's Walker
Axa UK commercial CEO Jon Walker has outlined how the insurer plans to grow in 2025, noting that a softer market means insurers cannot bank on rate to keep their toplines climbing.
Probitas opens five lines of business following Aviva sale
Probitas will begin quoting for five new classes of business marking the first development since it was acquired by Aviva earlier this year.
Aon to acquire PI specialist Griffiths & Armour
Aon has signed a definitive agreement to acquire professional indemnity specialist insurance broker Griffiths & Armour.
Clear enters Lloyd's market with £76m acquisition
Goldman Sachs-backed Clear Group has entered the Lloyd’s market by making Lilley Plummer Risks its largest acquisition to date.
Big interview: David Martin, Aviva
Aviva’s managing director of commercial and chief distribution officer, David Martin sits down with Scott McGee to run through the work done since he joined the insurer, increasing productivity with brokers, and what apprentices need to focus on nowadays…
Big interview: Michael Rea, Gallagher UK
Having taken on the Gallagher UK CEO role at the start of the year, Micheal Rea talks to Jonathan Swift about breaking the £1bn revenue barrier, the benefits of scale, putting M&A on hold and why the market is in transition in terms of rates.
Six reasons Ageas could be the perfect insurance ‘partner’ for Saga
Content Director’s View: As Saga admits it is in talks with Ageas, Jonathan Swift suggests there is a lot to like about a potential ‘partnership’ between the two, not least as a spring board for further deals.
Saga in talks with Ageas over insurance arm
Saga is reported to have entered into exclusive talks with Ageas in relation to its insurance arm.
Big Interview: Warren Dickson, Howden
Warren Dickson, corporate and commercial CEO at Howden, sits down with Harry Curtis to discuss what has changed since the broker acquired Aston Lark and how its breadth of capabilities is paying dividends.
Tysers owner AUB takes 80% stake in Movo Group
AUB has agreed to acquire an 80% equity stake in Movo, including its AR network Movo Partnership, its equity broking group, Movo Insurance Brokers, and insurance technology platform, Durell Software.
Markerstudy Group to acquire Hughes Insurance
Markerstudy Group has announced plans to acquire Hughes Insurance, subject to regulatory approvals and customary conditions, its first deal since gaining FCA approval on its merger with Atlanta.
Aviva completes Probitas acquistion
Aviva has completed its acquisition of Probitas, following the receipt of all necessary approvals.
Hiscox share price surges amid sale speculation
Hiscox’s share price surged by more than 14% on Monday (8 July) following a report of a possible sale of the insurer.
Atlanta Group and Markerstudy merger completed
The Ardonagh Group has confirmed it has completed the merger between its personal lines broking business Atlanta Group and Markerstudy.
R&Q sells UK legacy insurer as it files to appoint liquidators
R&Q has agreed to sell UK legacy insurer Inceptum to Marco Capital and has confirmed that it has filed to appoint liquidators in Bermuda.
Hardie sees Jensten ‘doubling again’ in next few years
Alistair Hardie, group CEO at Jensten, has said he expects to complete “about 10” acquisitions in 2024, and that he believes the broker can “double the size again” in three or fours years’ time.
Kindertons linked with Markerstudy investor Pollen Street
Private equity house Pollen Street has been tipped to purchase accident management and mobility company Kindertons, after a potential deal with Auxillis’s owner fell through, sources have told Insurance Post.
Jensten restructures after £170m fundraise
Following the recent announcement of its £170m in fundraising, Jensten has announced a “strategic reorganisation” with the view “to triple the premium managed” by the MGA business within the next four years.
Movers and shakers who made Insurance Post’s Power List 2024 revealed
This year’s Insurance Post Power List reflects how claims inflation combined with the Consumer Duty caused some providers to shift their focus and disruptors found it is easier to send a rocket into space than enter the UK insurance market.
Ken Norgrove, RSA
If you think you’re busy, then you should read what Ken Norgrove, CEO of RSA UK & International, was up to in 2023.
RSA ‘pragmatic’ on product review as NIG acquisition completes
RSA intends to “move at pace” and make strides towards going to market with a single set of products by the end of this year following its acquisition with NIG and FarmWeb, Sonya Bryson has told Insurance Post.