Mergers & acquisitions (M&A)
Stream UK sold after parent group goes into liquidation
Stream Claims Services UK has been sold off for an undisclosed sum by its struggling Australian parent company.
AmTrust to acquire ANV for $218.7m
AmTrust has announced it will buy ANV Holdings for $218.7m (£151m) in what it describes as a “transformative transaction” for the company.
Fourth company acquired by Bluefin in 2016
Bluefin Insurance has announced its fourth acquisition for the year, with Liverpool-based Exchange Insurance Services the broker’s latest purchase.
DWF acquires niche law firm Fox Hartley
Law firm DWF will acquire a smaller rival, Fox Hartley, in order to broaden its specialist insurance offering.
Gallagher swoops for two US retail brokers
Arthur J Gallagher has acquired two US retail insurance brokers in deals that closely follow it agreeing an $800m unsecured credit facility earmarked for acquisitions.
Simply Business indicates growth appetite after Aquiline purchase
SME broker Simply Business is expecting a "suite of investments" following its purchase by Aquiline Capital Partners, as CEO Jason Stockwood said the two companies have a shared ambition.
Gallagher earmarks $800m facility for acquisitions
US-headquartered Arthur J Gallagher has entered into a five-year $800m (£561m) unsecured credit facility with a group of banks pegged for acquisitions.
Blog: Five things I have learnt about insurance in five weeks
Since joining Post at the end of February, I have come to appreciate just how important insurance is to business. They both go hand in hand. Without insurance, business simply could not operate. Insurance is the grease to the wheels of the commercial…
Thomas Carroll expands South Wales footprint with Monmouthshire deal
Thomas Carroll has acquired South Wales commercial insurance broker Monmouthshire Insurance Services, a subsidiary of the Monmouthshire Building Society Group.
FL360 looks to rehab growth as it acquires majority stake in Corpore TTN
FL360, the holding company of Speed Medical Examination Services, has acquired a majority stake in Corpore TTN, the independent rehabilitation and injury management firm.
Broker investments: What makes the sector so appealing to private equity?
There have been a string of investments in the insurance broking sector over recent years – from refinancing to MBOs. Just what is it about the market that makes it so attractive to private equity?
Former Sterling MD Blundell steps down as deputy CEO of Covea Insurance
Covéa Insurance has announced that John Blundell, the company’s deputy chief executive, will be leaving the business at the end of May.
BB&T completes $500m purchase of CGSC's US arm
US broker BB&T has completed the purchase of Cooper Gay Swett & Crawford’s US unit for $500m (£352m) in cash.
Gallagher's international bosses praised in wake of Towergate defections
Arthur J Gallagher has attributed the "underperformance" of its UK arm in 2015 to the departure of its former management team in a proxy statement released this week ahead of its annual general meeting on 17 May.
Swiss Re completes $152.5m IHC Risk Solutions takeover
Swiss Re Corporate Solutions completed its acquisition of stop loss underwriter IHC Risk Solutions from Independence Holding Company yesterday (31 March).
Ryan Direct Group completes Midas purchase
Insurance services firm Ryan Direct Group has completed the acquisition of Northern Ireland-based managing general agent Midas Underwriting for an undisclosed amount.
Solvency II drives increase in Lloyd's legacy portfolio sales
An increasing number of firms are looking to dispose of their legacy portfolios as Solvency II puts pressure on capital requirements.
Seventeen Group strengthens Scottish offering with Annandale aquisition
Seventeen Group has acquired Annandale Insurance Brokers, based in Dumfries, for an undisclosed sum.
R&Q ramps up acquisitions with Rank Insurance deal
Randall & Quilter has acquired Rank Insurance Limited, a Guernsey captive firm in run-off, from Rank Overseas Holding Limited.
Stackhouse Poland acquires specialist PI broker for undisclosed sum
Stackhouse Poland has completed the acquisition of specialist professional indemnity broker Chris Frost Insurance Services as it looks to grow both organically and through acquiring ‘like-minded’ firms.
Marketform disposes of two books to Beazley
Lloyd's underwriter Marketform has sold its UK open market medical malpractice and UK and international delegated authority insurance businesses to Beazley.
Towergate's Ross takes acquisitions off table for at least 12 months
Towergate will not look to make any acquisitions for at least 12 months and then only if it can genuinely make those firms better, according to CEO David Ross.
Integro snaps up Lloyd's broker CSWH
International insurance broker and risk management firm Integro has acquired Lloyd’s broker Croton Stokes Wilson Holden.
Aviva sells Irish health business
Aviva has sold its Irish health business to Irish Life, with the transaction set to close by Q3 2016.