Mergers & acquisitions (M&A)
Merger activity on the up
Insurance accountancy firm Moore Stephens has credited the banking sector for the resurgence of merger and acquisition activity among insurance intermediaries.
Giles poised to acquire Cooper Gay division
Giles Insurance Brokers is set to acquire Cooper Gay's UK wholesale broking division, FSJ Broking.
Outsourcing giant Capita set to take on travel insurance
Capita Insurance Services has revealed plans to enter the travel insurance sector before the end of the year.
Beachcroft acquires insurance law firm
Beachcroft is joining forces with niche insurance practice, William Holden Cooklin Gibbons.
Start-up seals second broking deal
Invicta Insurance Services, the new broking service provider set up by Steve Gamage, has made its second acquisition: Sevenoaks-based Lowe Insurance. This partnership was started over 22 years ago by Patricia and John Lowe, both of whom will remain with…
Giles to make first Lloyd's acquisition
Giles Insurance Brokers is in negotiations with Cooper Gay to acquire its FSJ business unit, Post has learnt.
Invicta completes second acquisition
Invicta Insurance Services has acquired Kent-based Lowe Insurance in its second acquisition in two weeks.
Market ripe for mergers & acquisitions
There are clear opportunities in the current market for deals involving the buying and selling of UK insurance broking businesses, particularly in the medium-size sector, according to accountant and consultant Moore Stephens.
M&A: Back in fashion?
With M&A deals back on the agenda, Tim Goggin of Lovells looks at whether the trend will continue and how it will affect reinsurers?
Entertainment brokers seeks to double size after US tie-up
Stockport-based Doodson Broking Group has signalled its intent to double in size over the next five years after forming a partnership with US broker Crossfields Insurance.
AJG boss hails underwriting potential after First City buy
OIM Underwriting will distribute its products through SME specialist Circadian as part of Arthur J Gallagher's acquisition of London broker First City.
Invicta buys Lowe
Invicta Insurance Services has acquired Kent-based Lowe Insurance in its second acquisition in two weeks.
Capita poised to grow personal lines with broker bid
Capita Insurance Services is poised to add to its growing stock of personal lines business, with Cambridgeshire-based broker Sureterm Direct a target for the firm, Post has learnt.
Gallagher set for First City purchase
The UK arm of US broking giant Arthur J Gallagher is set to acquire the insurance broking business of First City.
HIH liquidator poised to pay out
The winding up of HIH Insurance was largely complete following the formal settlement in an Australian Supreme Court according to liquidator Tony McGrath
Ecclesiastical chief expects difficult 2010
Ecclesiastical group chief executive Michael Tripp has admitted 2010 could be tougher after posting improved profit for 2009.
Medicals Direct targets £40m turnover by 2013
Medicals Direct Group has signalled its intent to become a major UK absence management and rehabilitation player after a trio of acquisitions last week boosted its turnover to more than £25m.
Abbey looking forward to 2010 "with confidence" after £8.7m profit
Abbey Protection saw a 6% growth in pre-tax profits to £8.7m in 2009, on revenue (before investment income) up 15% to £32.5m.
Oval swoops for South-west broker
Oval has acquired Gloucester based insurance broker J L Fisher
RG Ford acquires Abba
Chelmsford-based RG Ford Insurance Brokers has completed the first of the five acquisitions it hopes to make in 2010.
Former Woodstock director returns with personal lines consolidator
Invicta Insurance Services, a new broking service provider, has been launched by Steve Gamage, the former operations manager at Woodstock Insurance Brokers.
Aviva enters Indonesian market
Insurer acquires a 60% stake in PT Asuransi Winterthur Life Indonesia.
Medicals Direct Group takes annual turnover to £25m
The North London-based medical services solutions provider has acquired three companies operated by a competitor.
Bermuda: M&A warning
Reinsurers and insurers must be careful when choosing partners for mergers and acquisitions a panel of executives at the World Insurance Forum in Bermuda have warned..