Mergers & acquisitions (M&A)
Editor's comment: Esure sale is yardstick for personal lines deals
The January sales may not have thrown up much in the way of bargains for those hoping to acquire insurance-related companies. But February is looking like it could prove a more successful month for those seeking a nice little earner at a knockdown price.
Kwik Fit looks to dispose of insurance business
According to a reports the company has hired bankers at Credit Suisse to carry out a review of Kwik-Fit Financial Services, which employs more than 1000 people.
Paris Re CEO leaves as PartnerRe cleans house
Paris Re CEO Hans-Peter Gerhardt has left the company in a clean-out of senior staff by Partner Re following last year's takeover by the Bermudian (re)insurer.
Lloyds sells Esure stake to founder Peter Wood for £185m
Lloyds Banking Group has sold its 70% stake in esure, the online insurer, to a management buyout vehicle to be called Esure Group Holdings, led by Esure chairman Peter Wood, for a cash consideration slightly in excess of book value in the Lloyds Banking…
Beazley sets up M&A team
Lloyd's insurer appoints John McNally to head a new team in London focusing on insuring the contingent risks that can otherwise impede merger and acquisition transactions.
Mergers & Acquisitions- Insurers: Coming back up
After a downturn in 2009, insurer merger and acquisition activity looks set to make a resurgence in the coming year. Amy Ellis reports.
Broking Mergers & Acquisitions: Calmer waters
Many have predicted the death of the insurance broking mergers and acquisition market. Roger Brown explains why this has not happened and why the current situation is just a return to historical norms.
RSA strikes deal for £40m GWP insurance group
RSA Insurance has acquired Al Ahlia Insurance Company SAOC for OMR19m1 (£31m) from ONIC.
Interview: Ross Howard - In capable hands
Katherine Blackler talks to Ross Howard, chief operating officer (Europe) at Towers Watson's reinsurance brokerage, about the merger between Towers Perrin and Watson Wyatt and what this year will bring for reinsurance brokers
Interview - David McMillan: Time for the fine tuning
Aviva's chief executive of general insurance David McMillan has turned a bunch of losers — his son's football team — into winners. Daniel Dunkley discovers his plans for an insurer that is already top of the league in many sectors.
2010 to be a year of 'profitable stagnation', says Thiele
Partick Thiele, the chief executive of PartnerRe, has said that 2010 will be a year of "profitable stagnation", providing that no major catastrophes arise.
OFT considers Marsh and HSBC deal
The Office of Fair Trading has issued an invitation to interested third parties to comment on Marsh's planned takeover of HSBC Insurance Brokers.
Buffett may boost his stake in Germany's Munich Re to over 5%
Warren Buffett owns the rights to Munich Re shares that would bring his stake in the reinsurer to over 5%, according to newswire Bloomberg.
Lit Comp gears up for expansion after sale
After-the-event insurance provider Lit Comp has been taken over, following a successful £5.48m bid by investment company Maven Capital Partners.
Don't expect Berkshire Hathaway and Munich Re to merge says Wall Street
Berkshire Hathaway's announcement that they had upped their shareholding in Munich Re won't lead to a takeover of the German reinsurance giant, analysts have said.
White Mountains acquires run-off insurer
White Mountains Re, a subsidiary of Bermudian insurance group White Mountains, has acquired run-off insurer Central National Insurance Company of Omaha from Drum Financial Corporation for around $5m, the company said in a statement...
20 Years Ago: Union warns over foreign vulnerability
anufacturing Science Finance, the financial services union, said UK insurance companies are vulnerable to foreign takeovers and the government is doing nothing to guard against this
NMJ completes first acquisition
Newly authorised broker buys Ridge Insurance
Omega appoints ex Amlin development boss as head of IR
David Coles takes up investor relations role at listed firm.
Ex-Heath boss joins Holman's board
Peter Presland joins broker in non-executive role
Hub International buys California rival
Hub buys California-based broker Ogilvy Insurance for an undisclosed sum
CCV completes Just acquisition
Consolidator buys Home Counties-based broker
Interview: Mark Hodges - Back to the future
At the beginning of January, former Aviva GI boss Mark Hodges took over as chief executive officer of the insurer's UK business, a position last filled in 2007. He talks to Jonathan Swift about the decision to reinstate the role, his plans for Aviva and…
