Mergers & acquisitions (M&A)
Interview: Robert Organ: Calling the tuna
Bluefin CEO Robert Organ returned to the broker in April after a two-year stint at parent Axa. He assures Post his remit is not to sell the business.
Apollo pulls out of Xchanging race
Apollo Global Management has decided against making a further offer for outsourcing firm Xchanging, leaving the path clear for Capita to finalise a deal.
Deal finalised as Integro acquired by private equity investor
A deal to acquire international insurance brokerage and risk management firm Integro by an Odyssey Investment Partners affiliate was completed today (November 2).
Chase Templeton buys Healthcare Solutions
Private medical insurance brokers Chase Templeton has finalised its 15th acquisition of the year after completing a deal to buy Healthcare Solutions.
Ninety-nine percent of Jelf shareholders approve takeover by Marsh
An overwhelming majority of Jelf shareholders have voted to approve the broker's £258m takeover by Marsh.
Wilson hails UK organic growth dismissing likelihood of ‘jumbo' deals
Aviva group CEO Mark Wilson said the insurer will consider "build-out" acquisitions that complement its distribution model but is not considering any "jumbo" deals.
Chubb shareholders approve Ace deal with 98% voting in favour
The Chubb Corporation has confirmed its shareholders have approved the previously announced merger agreement with Ace.
Bluefin M&A pipeline strong with two 2015 purchases yet to be announced
Bluefin has completed two further acquisitions in 2015 that it is yet to formerly announce, in addition to the purchase of Bennett Fozzard in May.
Applied Net 2015: Smaller brokers told to take long-term approach to M&A
Smaller brokers must focus on “life after the deal” in order to compete against the likes of Arthur J Gallagher and private equity-backed rivals in the booming mergers and acquisition environment.
Thomas Miller buys majority stake in Osprey
Thomas Miller has acquired a majority shareholding in marine and aerospace insurer Osprey Holdings.
Europe: The year ahead for run-off business
Solvency II, the growing legacy market and expanding run-off activity are among the main challenges facing discontinued insurance business in Europe.
A-plan to target specialty brokers
A-Plan Insurance CEO Carl Shuker has confirmed the company is looking to go on the takeover trail following the appointment of Jonathan Hartley as acquisitions manager.
Capita bid of £412m recommended by Xchanging board
The board of Xchanging has recommended that shareholders accept a £412m bid for the company that has been lodged by Capita.
C-suite - Broker: Communication during acquisition
Information for both clients and employees should be targeted and relevant.
NAHL agrees £25m deal for rehab firm Bush & Company
Legal services focused UK consumer marketing business NAHL has conditionally agreed to acquire the entire share capital of Bush & Company Rehabilitation.
Catalina subsidiary snaps up Allianz Suisse Re
Catalina Holdings’ wholly owned Swiss subsidiary Glacier Reinsurance AG has signed a definitive agreement to acquire Allianz Suisse Re from Allianz SE.
Willis completes PMI Health Group deal
Willis Group has completed the acquisition of PMI Health Group, the UK-based healthcare adviser and broker.
Higos bolsters commercial offering with purchase of AJP Partnership
Higos Insurance Services has acquired independent commercial broker AJP Partnership.
Compre given capital backing for acquisition trail after CPBE deal completes
Private equity house CBPE Capital has pledged that extra capital will be available to fund acquisitions following the completion of its takeover of UK-based legacy specialist Compre for an undisclosed sum.
Capita and Apollo Global Management make bids for Xchanging
Xchanging has received takeover approaches from Capita and Apollo Global Management, the company has told the London Stock Exchange.
The County Group acquires Brady & Jones
The County Group has acquired Welsh broker Brady & Jones for an undisclosed amount.
Parabis in talks with Davies over sale of loss adjusting businesses
Parabis Group is in talks to sell its liability and property loss adjusting businesses to Davies Group, Post understands, amid a strategic review by the legal and professional services organisation.
Chilton focused on moving Gallagher away from ‘opportunistic' M&A
Arthur J Gallagher International CEO Grahame Chilton wants to change the broker's M&A tactics to become more strategic following its previous "opportunistic" approach.
Markerstudy completes fifth 2015 acquisition with AA Autowindshields deal
Auto Windscreens has completed its acquisition of AA Autowindshields resulting in 200 staff joining the Markerstudy group.