Mergers & acquisitions (M&A)
Acquisitive Davies eyes I-Cog as it closes in on latest niche deal
Acquisitive claims and loss adjusting group Davies is in advanced negotiations which could see it seal its fifth bolt-on acquisition in 24 months.
Bluefin CEO says Marsh acquisition talks are ‘no surprise’
Bluefin said there is “no surprise” that there is speculation over the sale of the business to Marsh.
China Oceanwide to buy Genworth
Chinese investment firm China Oceanwide Holdings has bought struggling US mortgage and life insurer Genworth Financial for $2.7bn (£2.2bn) in cash.
Stackhouse Poland will acquire Lucas Fettes
Stackhouse Poland will merge with Lucas Fettes to create a “powerful independent insurance broker”.
PIB makes QPI Legal fourth acquisition of 2016
PIB Insurance Brokers has bought QPI Legal for an undisclosed sum.
AIG in £195m sale of assets to Fairfax
AIG will sell its Latin American and Central and Eastern European operations to Fairfax for £195m.
Besso in talks over possible sale
Investor BP Marsh is in talks with “various interested parties” over the sale of Lloyd’s broker Besso.
Shareholders bring £155m suit against Slater & Gordon over Quindell purchase
Shareholders are seeking £155m in damages from law firm Slater and Gordon over its purchase of the professional services arm of Quindell.
CSC reduces headcount by 4% following acquisition of Xchanging
CSC has carried out a “swift” integration with Xchanging following its acquisition in May.
Catalina buys run-off Allianz book
Bermuda-based Catalina Holdings has purchased AGF Insurance Limited.
Lloyds' Bill Cooper on why M&A is looking more attractive despite Brexit
As the dust settles on the UK’s vote to leave the European Union, some of the initial predictions about the impact of 'Brexit’ on mergers and acquisitions activity in the insurance market appear unfounded.
Japanese Sompo aims to become a 'truly global insurer'
Sompo's president and CEO, Kengo Sakurada has said the Japanese insurer aims to build a business which competes on a global scale with its purchase of Endurance.
Torlea buys Lloyd's broker Kinetic
Torlea Group has bought Kinetic Insurance Brokers.
Asia Capital Re sells to Chinese investment firms
Singapore-based ACR Capital Holdings' shareholders have agreed to sell the reinsurance firm to two Shenzhen state-owned firms.
Charman to net £255m from sale of Endurance to Sompo
John Charman stands to gain £255m from the £4.95bn sale of Endurance to Sompo.
Broker Network set on building a 'regional broking powerhouse'
Broker Network is aiming to building a “regional broking powerhouse” as it sets its sights on further acquisitions.
Finch becomes Broker Network's first regional broker buy
Broker Network has bought commercial broker Finch Commercial Insurance Brokers.
Sompo reaches agreement with Endurance's board for $6.3bn acquisition
Japanese property and casualty insurer Sompo Holdings has agreed to acquire Bermuda based P&C insurer Endurance Specialty for $6.3bn (£4.96bn) or $93 a share.
XL Catlin acquires Brooklyn Underwriting
XL Catlin has completed its acquisition of Lloyd’s approved coverholder Brooklyn Underwriting.
Applied Systems acquires IS2 platform
Applied Systems has acquired the eTrading personal lines platform from IS2, as part of a wider strategy to expand into the UK market.
Helios looks to raise £8.45m on stock exchange
Helios is aiming to raise £8.45m by issuing new shares on the stock exchange.
R&Q acquires legacy book from Belgian insurer
Randall and Quilter has taken on a portfolio of legacy exposures from Aviabel.
Pricing under pressure in warranty and indemnity as new entrants target market
With 2015 the biggest ever year for mergers and acquisitions globally, demand for warranty and indemnity insurance is rising rapidly.
R&Q agrees to reinsure outstanding SIMIA contracts
Randall and Quilter has reached an agreement with closed mutual SIMIA to reinsure all outstanding contracts.