Mergers & acquisitions (M&A)
Generali sells Generali Nederland to ASR Nederland
Generali Group has entered into a share purchase agreement to dispose its entire shareholding in Generali Nederland.
AA holds talks over insurance business sale to Hastings
The AA and Hastings have held talks over a potential general insurance partnership.
Three motor service providers acquired under new holding group AGL
Three brands in the vehicle repair, claims and technology sectors have been acquired under holding group AGL, which launched today.
Markel to acquire ECIC
Specialist insurer, Markel International has acquired EC Insurance Company.
PIB buys childcare broker Morton Michel
PIB has acquired Croydon-based specialist broker Morton Michel, its tenth deal in 16 months.
Watchstone CEO Mukerjee: 'There is no yard sale'
Indro Mukerjee, the outgoing CEO of Watchstone has admitted that while it might have been more “romantic” or “Hollywood” to have grown the business by acquisitions during his two year tenure, it would not have benefited shareholders long term.
Strike Club's Monaco operations moved to London
The Strike Club has closed its Monaco office after finding “sizable efficiencies” in moving its operations to London.
Finch continues acquisition spree with fifth deal this year
Finch has made its fifth acquisition since being bought by Broker Network.
Charles Taylor sees profits tumble in H1
Charles Taylor saw pre-tax profits fall by 41% as a result of losses following the acquisition of Cega by the group last year.
Gallagher boosts Scandinavian footprint with broker purchase
Arthur J Gallagher has acquired Scandinavian property and casualty broker Nordic Försäkring & Riskhantering for an undisclosed sum.
R&Q to continue trend of disposals and acquisitions in H2
R&Q will continue to dispose of non-key assets in the second half of the year following a 345% increase in pre-tax profit in H1.
Marshall Wooldridge acquires Sheffield-based ECS Brokers
Broker Marshall Wooldridge has acquired ECS Insurance Brokers a year on from itself being acquired by Global Risk Partners.
Consortium acquires Canopius from Sompo for $952m
Canopius has been acquired by a private equity consortium led by Centerbridge Partners and including the private investment firm Gallatin Point Capital for $952m (£736.5m).
JLT acquires Belgian broker Belgibo
JLT has acquired Belgian specialty broker Belgibo from Exmar Group to further secure a post-Brexit presence on the continent.
Ardonagh Group acquires Healthy Pets
The Ardonagh Group, the Towergate holding company, has acquired Petersfield-based Healthy Pets.
Allianz acquires Nigerian insurer Ensure
Allianz has acquired a 98% stake in Nigerian insurer Ensure Insurance, subject to regulatory approvals.
Vienna Insurance Group completes merger with Wiener Städtische Osiguranje
Vienna Insurance Group has completed its merger with Wiener Städtische Osiguranje and the two Axa companies it acquired last year.
Novae shareholders give Axis deal the green light
Novae shareholders have overwhelmingly accepted a £477.6m takeover by Axis Capital with approximately 99.97% of shareholder votes cast in favour of the proposal.
Axis increases Novae takeover offer to 715p per share
Axis has improved its cash offer to acquire Novae to 715 pence per share valuing the Lloyd’s listed insurer at approximately £477.6m.
Aviva sells stake in Italian insurance business
Aviva has sold its stake in its Italian joint venture Avipop Assicurazioni SpA.
Compre snaps up legacy book from Norway's Gjensidige Forsikring
Compre has acquired a legacy portfolio from the Norwegian insurer Gjensidige Forsikring for an undisclosed sum.
Week in Post: Last of the summer wine
This week we’ve seen some major acquisitions in the summer lull between the tail-end of results season, and everyone heading off to their holidays in Spain.
Allianz's Jon Dye and LV's Steve Treloar on why they have joined forces
Joint venture agreements can bring challenges as well as benefits. Jon Dye, CEO of Allianz Insurance, and Steve Treloar, managing director of general insurance at LV, explain how their business will work together.
Staysure buys travel broker Avanti
Broker Staysure has acquired rival travel insurance provider Avanti for an undisclosed amount.