Mergers & acquisitions (M&A)
Analysis: Broker M&A pace picks up again
Acquisitions in the UK distribution space rose 13% last year, according to research by Imas Corporate Finance. Post investigates what is driving the increase in consolidation and the challenges buyers are facing in their traditional hunting grounds
Interview: Aon’s Jane Kielty, Tracey Threlfall and James Fell
Just over two years since the takeover of Henderson by Aon its leaders met with Emmanuel Kenning to discuss how the deal came about, why now is the right time to rebrand after the heavy lifting of the integration has been completed and what comes next…
Ardonagh adds agricultural specialist Rural to MGA suite
Ardonagh has acquired agricultural specialist Rural Insurance Group from Primary Group for an undisclosed sum.
Arch to pay £400m for Coface minority stake
Arch Capital Group has agreed to pay Natixis €480m (£401.8m) for a 29.5% stake in France-based trade credit insurer Coface.
Operating profit down one third at Allianz UK
Allianz UK has reported profit of £138.1m for 2019 supported by investment gains as operating profit fell.
Ardonagh buys Bennetts for £26m
Ardonagh Group has agreed to pay Saga £26m for Bennetts Motorcycling Services.
Analysis: 19th Century insurance frauds
Scandal, fraud, deception and rabid profiteering have never been far away from the insurance industry. Indeed, it is probably fair to say they have been uneasy bedfellows ever since the modern insurance industry started to lay its foundations in this…
Analysis: Whiplash and insurer demand driving claims sector consolidation
Following Davies' acquisition of Keoghs further consolidation is expected in the claims sector and it could push mid-sized firms out of the picture.
PE driving market consolidation but private ownership still dominates
Exclusive: Private equity houses and PE backed firms were behind more than 50% of UK insurance distribution mergers and acquisitions activity last year in the £5m plus category, Imas Corporate Finance has calculated.
M&A volume grows in 2019 but mid-sized targets scarce
Exclusive: The number of UK insurance distribution mergers and acquisitions rose from 82 in 2018 to 93 last year, driven by a surge in deals valued under £5m, industry specialists Imas Corporate Finance has revealed.
'Massive opportunity' for more acquisitions, says incoming GRP CEO Bruce
Global Risk Partners will continue with its focus on regional broker acquisitions, buying niche managing general agents and developing its wholesale business, incoming group CEO Mike Bruce told Post as New York-headquartered PE firm Searchlight Capital…
Searchlight to buy majority stake in GRP
Searchlight Capital Partners is buying a majority stake in consolidator Global Risk Partners.
Integration headwinds hit UK growth in 2019, says Marsh
Marsh & McLennan Companies has reported revenue of $16.65bn (£12.66bn) and profits of $1.74bn for 2019.
Gallagher posts 5.6% group broking and risk management organic growth in 2019
Gallagher delivered revenue and margin growth across all four UK trading units of retail broking, specialty broking, Pen Underwriting and Capsicum Re last year, Simon Matson has stated.
Members voice support for Marsh’s network merger plans
Members of Marsh Probroker, Purple Partnership and Bluefin Network have welcomed the plans to combine the three into one single proposition called Marsh Networks.
Ecclesiastical buys minority stake in Lloyd & Whyte
Exclusive: Ecclesiastical Insurance Group has bought 20% of Lloyd & Whyte for an undisclosed sum.
This week: Bagging a bargain
As the January sales draw to an end consumers aren't the only ones with deals on their minds.
Q&A: Churchill founder and former chairman and CEO Martin Long
To tie in with his deep dive into the birth of the UK direct insurance market, Jonathan Swift caught up with Direct Line co-founder and Churchill founder and former chairman and CEO Martin Long to talk about the birth and growth of both companies, their…
Henderson to rebrand as Aon this April
Aon expects to rebrand Henderson Insurance Broking Group under its global brand on 1 April, Post can reveal.
CFC strikes second deal with Threatinformer buy
CFC has bought London-based insurtech Threatinformer for an undisclosed sum.
PE house completes £285m Charles Taylor buy
US private equity firm Lovell Minnick Partners has completed its deal to buy Charles Taylor.
Chaucer appoints CRO from within
James Wright will become Chaucer’s chief risk officer from April.
Davies Group acquires Keoghs
Exclusive: Davies Group has acquired law firm Keoghs.
Hyperion confirms £300m war chest with 20 deals in pipeline
Hyperion has £300m to spend and around 20 deals in its mergers and acquisitions pipeline, group chief financial officer Mark Craig told Post as the group announced its 2019 results.