Mergers & acquisitions (M&A)
Covéa and Sterling staff join forces in single Manchester branch
Covéa’s and Sterling’s regional teams have joined forces in a single Manchester office as the companies edge closer to integration.
Maciver ‘coaxed off golf course' to join Cullum at GRP
Towergate Partnership founding shareholder Kenny Maciver has joined Peter Cullum-backed Global Risk Partners to work on mergers and acquisitions.
EBA's European presence key as Nexus makes acquisitive swoop
Nexus Underwriting Management has acquired specialist managing general agent and Lloyd’s service provider EBA Insurance Services in a move to bolster its growth strategy via EBA’s European stronghold.
Howden boosts Midlands presence with Perkins Slade buy
Howden UK has agreed to buy Perkins Slade Forrest subject to shareholder and regulatory approval.
Unum spends £31.7m on National Dental Plan purchase
Unum has acquired workplace dental insurer National Dental Plan from Capita for £31.7m, pending regulatory approval.
Dye denies Allianz UK's reinsurance arrangement is for acquisition 'war chest'
Allianz UK's 12% drop in operating profit in the first half of 2015 was impacted by a quota share reinsurance arrangement agreed with sister company Allianz Re, according to CEO Jon Dye.
Jelf swoops for North London broker Libra
Jelf has grown its southern footprint by acquiring Watford-based broker Libra Insurance Services.
One Broker buys Essex-based independent firm
One Broker has acquired the entire share capital of Barking-based independent broker P J Weller & Son.
Hester bigs up RSA's ‘stand-alone' value in face of Zurich deal
RSA's strategy dictates it will have a strong stand-alone value in the coming years, according to group CEO Stephen Hester who has assured shareholders he is serving their interests in the face of a potential takeover bid from Zurich.
Lockton and Vocare launch 'out-of-hours' PI offering
Broker Lockton has teamed up with NHS outsouring provider Vocare in a bid to level the playing field for GPs wanting to take up out-of-hours work.
Auto Windcreens pens 10 year deal with AA following acquisition
Automotive glass repair and replacement provider Auto Windscreens has acquired the AA’s automotive glazing business AA Auto Windshields.
Integro snapped up by PE house Odyssey
International insurance brokerage and risk management firm Integro has reached an agreement to be acquired by entities affiliated with private equity firm Odyssey Investment Partners.
Hiscox completes purchase of classic car specialist
Hiscox has completed its acquisition of specialist UK classic car business, RH Specialist Insurance.
Pen PI team gets 'A' rated capacity boost from Qatar Insurance Group
Pen Underwriting, the Arthur J Gallagher-owned managing general agent collective, has signed a long-term capacity deal for its solicitors' professional indemnity division with Qatar Insurance Company Europe.
Giles and Oval integration cost Gallagher $25m in first half of 2015
The combined cost of integrating the Giles and Oval businesses cost Arthur J Gallagher $25m (£16m) in the six-month period ending 30 June 2015.
Partner Re agrees to Exor's $6.9bn all cash offer
Bermuda-based Partner Re has agreed to sell to Italian investment firm Exor after it made a $6.9bn (£4.4bn) all cash offer.
County Insurance boosts north west footprint with Chester acquisition
County Insurance has acquired broker Chester Insurance Services and expects to complete two further acquisitions this year.
Top 30 European Insurers: The cream of the crop
Post, in association with AM Best, has compiled a list of the top 30 European non-life insurers. How have the rankings changed since 2013 – and how have currency fluctuations changed the standings of those dealing primarily in US dollars?
RSA pushing for 600p per share offer from Zurich
RSA is said to be angling for a 600p per share price from interested purchaser Zurich - an increase on last week's reported price of 550p per share, according to reports.
Marsh completes SME Insurance Services purchase
Marsh has completed its previously agreed acquisition of Leeds-based commercial broker SME Insurance Services.
Helios grows capacity with two acquisitions
Helios Underwriting has acquired Lloyd's limited liability members Nameco and Kempton Underwriting for an aggregate price of £2.4m.
Vienna Insurance Group agrees Latvian deal
Vienna Insurance Group has agreed a deal to buy Latvian insurer Baltikums, subject to regulatory approvals.
Zurich share price drop blamed on 'destructive history of acquisitions'
The 2% fall in Zurich’s share price yesterday (28 July) against a backdrop of a marginal market-wide uptick has been attributed to the “destructive history of acquisitions in the insurance sector and Zurich specifically”.
JLT opens door to staff displaced by Willis-Towers Watson merger
JLT hopes to capitalise on the fallout from the Willis-Towers Watson merger by attracting staff displaced by the deal, according to deputy CEO Mark Drummond Brady.