Mergers & acquisitions (M&A)
Wunelli boss Searles steps down amid 'record year'
Wunelli managing director Penny Searles has walked away from the telematics provider to pursue “other opportunities outside of the organisation”.
C-Suite: India's foreign investor ownership controls
Seven years after the proposal was first muted, India has finally raised the foreign direct investment cap to 49%; a lawyer investigates how the ownership and control systems will work.
Gallagher had ‘no appetite' for Towergate purchase, Ross claims
Arthur J Gallagher did not have the appetite or financial capacity to acquire Towergate due to a $30m (£19m) cap on acquistions, according to a High Court defence document signed by incoming Towergate CEO David Ross.
Healix International snaps up Capita Global Assistance
Healix International is to acquire medical and travel assistance company Capita Global Assistance.
PMI broker Chase Templeton completes second M&A deal of the week
Acquisition-hungry Chase Templeton has sealed its second sizeable deal of the week with the purchase of Brighton-based intermediary Medical Insurance Advisers.
Integro acquires marine broker Kite Warren & Wilson
Integro has acquired London-based broker Kite Warren & Wilson which specialises in marine hull and liability coverage as well as financial lines.
Bluefin acquires Bennett Fozzard
Bluefin has acquired Cheshire based broker Bennett Fozzard for an undisclosed sum.
PE investment and consolidation to continue in broking following flurry of deals
Consolidation and private equity investment are far from reaching their zenith in the broking sector, according to market insiders, who have tipped brokers Be Wiser, Jelf and Autonet Insurance Services as attractive prospects for buyers.
Jelf plots commercial acquisitions in mid-market boost
Jelf is looking for acquisition opportunities in the commercial market alongside plans to grow the insurance division's mid-market presence, according to group CEO Alex Alway.
Chase Templeton snaps up SME broker Get Private
Private medical insurance specialist Chase Templeton has boosted its presence in the SME sector with the acquisition of London-based intermediary Get Private.
Australia's Honan buys MACS in Singapore
Melbourne-based Honan Insurance Group, part of the Worldwide Broker Network, has acquired Singapore-based MACS Insurance Brokers for an undisclosed amount.
Blanc to focus on 'straightforward' growth plan at Aston Scott
Aston Scott executive chairman Peter Blanc plans to make the business "the best insurance broker" he can by targeting a combination of acquisitions and organic growth over the next five years.
Seventeen Group eyes other deals after Thompson & Partners purchase
Seventeen Group managing director Paul Anscombe has outlined his appetite for further deals after confirming the firm's acquisition of specialist credit and marine broker Thompson & Partners.
Howden makes care sector acquisitions
Howden has acquired Brighton-based Care Home Insurance Services and PrimeCare, both independent brokers.
Brightside pegged as Autonet purchaser
Bristol-based broker Brightside is said to be pursuing Autonet Insurance Services - a previous acquisition target of Arthur J Gallagher.
Tune takes controlling stake in Indonesia's ASM
Tune Insurance has bought a 50% and one share stake in Indonesia's PT Asuransi Staco Mandiri for RM22.8m (£4.8m).
Helvetia Group completes National Suisse Group takeover
Helvetia Group's Swiss insurance units have now been merged following the takeover of the Nationale Suisse Group in late-2014.
Torus and LAU to write general aviation in the US
Torus and London Aviation Underwriters Form General Aviation Partnership in the US
C-Suite - Asia: Endless capital raises questions
Capital providers are moving into the insurance industry, taking it into uncharted territory, says Matthew Cannock.
XL Catlin company name to be launched as protracted takeover is concluded
The takeover of Catlin by XL will result in the combined entity being marketed as XL Catlin as part of a global advertising campaign to be launched next week.
Scheme of arrangement for XL's takeover of Catlin becomes effective
The scheme of arrangement under section 99 of the Companies Act 1981 pursuant to which XL Group has acquired the entire issued and to be issued share capital of Catlin Group has become effective.
Stackhouse Poland surpasses £100m GWP with Cheam purchase
Independent broker Stackhouse Poland has edged over the £100m gross written premium marker with the acquisition of high-net-worth specialist Cheam Insurance Brokers.
Europe: Brokers in Northern Ireland - challenges & opportunities
Recent M&A activity in Northern Ireland has shaken up the region's insurance industry, bringing the future of high street brokers in the province under the microscope.
CMA gives green light to Xchanging's purchase of Agencyport
Xchanging’s acquisition of Agencyport Europe has been cleared by the Competition and Markets Authority following an in-depth investigation by the regulator.