Mergers & acquisitions (M&A)
Editor's comment: A very expensive meal
While the Swiss are well known for their wealth and their thriftiness, the London and UK insurance market is probably the worst place to attempt to keep a secret.
Stackhouse Poland acquires parish council and HNW brokers
Stackhouse Poland has acquired Came & Company and Parish Council Insurance Brokers.
Gable ditches Numis as nominated advisor after eight months
European insurer Gable has appointed Zeus Capital as its nominated advisor and broker.
Every firm is a potential target as Ace completes second largest deal in insurance history
UK insurance companies have been warned that no firm is immune from purchase as companies feel the need to ‘eat each other’s lunch’ to solve organic growth challenges in what has been labelled a ‘mad’ consolidation environment.
Former Endsleigh commercial head buys charity broker
Endsleigh’s former head of commercial Tim Larden has completed the purchase of Sheffield-based broker Ladbrook Insurance.
Blog: Six reasons 2015 will be the biggest year yet for insurer M&A
I have to admit I am prone to the odd football analogy and the news yesterday that Ace is to acquire Chubb in a £18.1bn mega deal has certainly given me more scope to plough this furrow given that it happened on the day the transfer window opened (1 July…
Chubb's $28.3bn price-tag leaves market insiders 'gobsmacked'
The $28.3bn (£18.1bn) fee Ace will pay to acquire Chubb has come as a major surprise to market commentators, who have questioned the rationale behind the purchase and its future market implications.
Ace to acquire Chubb for $28.3bn
Ace has reached a definitive agreement to acquire Chubb in a deal worth $28.3bn (£18.1bn).
Gallagher Bassett bolsters UK footprint with CAA purchase
Global third party claims administrator Gallagher Bassett International has moved to boost its UK presence with the acquisition of Countrywide Accident Assistance.
Saga completes Bennetts acquisition
Over 50s insurance specialist Saga has completed the acquisition of motorcycle insurer Bennetts for £26.26m in cash.
AA buys 49% stake in Indian roadside assistance venture
The AA has launched a five-year joint venture with Indian roadside assistance provider TVS Automobile Solutions to provide operational expertise to develop its assistance business in the country.
Analytics key for mid-market brokers following 'defensive' Willis merger
The Willis and Towers Watson merger is a defensive move to prevent the broker being targeted for acquisition, according to industry insiders, who also claim mid-market brokers must boost their analytics offerings in the wake of the deal.
Right Choice Insurance Broker takes stake in Digilog UK
Essex-based Right Choice Insurance Broker has bought a stake in Digilog UK, a technology firm specialising in supplying integrated voice risk analysis solutions.
FCA gives Markerstudy's Chaucer purchase green light
Markerstudy's bid to acquire Chaucer's UK motor business has been approved by the Financial Conduct Authority.
Willis and Towers Watson join forces to create broking and analytics powerhouse
Willis Group and Towers Watson today announced their intention to combine forces in an “all stock merger of equals”.
Green acquires MB Mulcahy Associates
Green Insurance Group has announced the acquisition of MB Mulcahy Associates, based in Merton, South London, for an undisclosed amount.
Dual enters CEE market following DCD purchase
Dual Group has launched in Central and Eastern Europe as Dual Polska, following the acquisition of the majority stake of Torun headquartered insurance specialist, Data Connect Direct.
Marketform launches specialist M&A insurance team
Lloyd's underwriter Marketform has appointed Astrid O’Reilly as its first mergers & acquisitions insurance underwriter as it expands into the specialist class.
UK General in talks over schemes business sale
Managing general agent UK General is gearing up to sell its personal lines schemes business.
Arista acquisition cost Towergate £16.7m
Towergate paid £16.7m to acquire managing general agency Arista in 2014, the firm has said in a bondholders report published today (26 June).
Hiscox to acquire RH Specialist Insurance from Willis
Hiscox has agreed a deal with Willis to acquire its specialist UK classic car business, RH Specialist Insurance.
VRS Vericlaim buys Certo
Sedgwick-owned specialist loss adjuster VRS Vericlaim has purchased claims handler Certo in a bid to boost its third party administration and commercial loss adjusting capacity.
Nexus targets European acquisition after further BP Marsh cash injection
Niche venture capital provider BP Marsh & Partners has increased its investment in independent specialty managing general agency Nexus Underwriting Management in order to support its acquisition plans.
Analysis: Asia's high growth markets
Insurers see high growth potential in several large countries across Asia but caution is needed. Nicky Burridge explains.