Mergers & acquisitions (M&A)
Jelf buys Scottish broker Clark Thomson
Broker Jelf is to acquire Clark Thomson, Scotland’s largest independent insurance broker.
Broker Network buys Weald Insurance
Broker Network has continued its acquisition spree by snapping up Surrey-based broker Weald Insurance.
Howden takes majority stake in Turkish broker ACP
Howden is to acquire a majority stake in a Turkish broker in a move to become one of Turkey’s largest insurance brokers.
Blog: What is Amanda Blanc’s legacy at Axa as she heads to Zurich?
Following the news yesterday that Amanda Blanc is to leave Axa to join Zurich as its CEO for Europe, Middle East & Africa, Jonathan Swift looks back at her time at the French insurer and assesses her legacy
Ardonagh backers complete Compass acquisition
MDS and HPS Investment Partners have completed the acquisition of Compass Broker Holdings following approval from the Financial Conduct Authority.
PIB capture sees GWP rise to half a billion
PIB Group has acquired commercial broker Wilby, the group’s 14th acquisition in 21 months.
This week in Post: Caution, doubt and selling out
This week in Post, there was news of sales, incompetence and unprecedented losses.
Integro snaps up Lloyd’s broker Tysers
Private equity-backed broker Integro has acquired specialist Lloyd’s broker Tysers.
Blog: What the Oak acquisition means for RSA, Zurich and the wider market
Jonathan Swift looks at whether RSA selling Oak Underwriting to Zurich is going to trigger a bolt-on bonanza - and if it really equates to Manchester United selling Carlos Tevez to Manchester City
Zurich to buy Oak Underwriting from RSA
Zurich has reached an agreement to acquire Oak Underwriting from RSA Insurance for an undisclosed sum.
Aston Lark’s Peter Blanc on the M&A courtship
For a merger or acquisition to work, both sides need to get to know each other and have a post-deal plan, explains Peter Blanc, CEO of Aston Lark.
Broker Network makes fifth ‘powerhouse’ acquisition
Broker Network has bought a West Sussex commercial broker with turnover of £2.9m.
Aston Lark buys masonic broker Ingram Hawkins & Nock
Aston Lark has bought specialist broker Ingram Hawkins & Nock in a deal that will add £10m of premium to the group.
Saffron acquires Hertford-based broker Continuum
Broker Network-owned Saffron Insurance has acquired Hertford business insurance broker Continuum.
This week: The consequences of buying big
By far the biggest purchase I ever made was when I bought my house.
Consortium completes $952m acquisition of Canopius
A private equity consortium led by Centerbridge Partners has completed its acquisition of Canopius.
Aviva has £600m war chest for acquisitions
Exclusive: Aviva has a £600m war chest for bolt-on acquisitions, but the money would only be spent on firms which add “significant value” to the group.
Axa-XL deal puts both insurers' ratings under review
The major rating agencies have unanimously taken rating actions on both Axa and XL Group following the recent announcement that the French insurance giant is looking to acquire 100% of the specialty insurer.
Axa can do what Catlin could not: XL CEO
An XL Group under Axa would provide the Bermuda-based specialty insurer with the scale and competitive edge that it failed to achieve from the landmark Catlin acquisition, XL’s CEO said.
Blog: Your move Allianz - impact of Axa/XL deal on P&C market worldwide
The news that Axa is to spend $15.3bn (£11.1bn) to acquire XL Group will certainly get the insurance boards around the world chattering.
Axa to buy XL for $15.3bn
Axa has entered an agreement to acquire 100% of XL Group for $15.3bn (£11.1bn).
Compass to retain brand after acquisition by Towergate owners
Exclusive: Compass Broker Holdings will retain its own brand after being acquired by HPS and Madison Dearborn Partners, executive chairman Alex Alway has confirmed.
Obituary: Stephen Fitzgerald, former DA Constable MD
Liability insurance heavyweight Stephen Fitzgerald passed away yesterday after a long battle against cancer.
Week in Post: Are further Swinton branch closures a sign of the times?
I have never bought insurance from a high-street broker. In fact, I know very few people my age who have.