Mergers & acquisitions (M&A)
Peter Blanc tipped to lead buyout at Aston Scott
Former UK retail CEO at Arthur J Gallagher Peter Blanc is set to return to the insurance market and lead a management buyout at broker Aston Scott.
Reinsurers eye greater share of primary business as rate pressure continues
Global reinsurers are increasingly looking to shift their portfolios towards primary business in the face of continued rate pressure, according to an AM Best report.
Further acquisitions not on Duperreault's radar at Hamilton
Hamilton Insurance Group CEO Brian Duperreault is not planning any further acquisitions after completing a deal to buy Lloyd's operation MBA Sportscover Underwriting.
Charles Taylor completes Scottish Widows International purchase
Professional services firm Charles Taylor has completed its acquisition of Scottish Widows International, a business it has administered for the past eight years.
Integro buys Hertfordshire-based NPA Insurance
US broking group Integro has added to its list of UK brokers with the purchase of £30m gross written premium broker NPA Insurance.
Quindell shares resume trading after miscalculation forces suspension
Business outsourcing provider Quindell was forced to suspend trading in its shares after the firm miscalculated the profits from its professional services division in a letter to shareholders regarding the unit’s sale to law firm Slater & Gordon.
Carlyle Group buys Nationwide Accident Repair Services for £43.2m
US private equity firm Carlyle Group has agreed a deal to buy AIM-listed Nationwide Accident Repair Services for £43.2m.
Hamilton completes deal for Sportscover
Bermuda-based Hamilton Insurance Group has tied up the acquisition of Sportscover Underwriting for an undisclosed amount.
Allied World seals purchase of RSA's Hong Kong and Singapore operations
The sale of RSA’s businesses in Hong Kong and Singapore to the Swiss-based Allied World Assurance Company has been completed.
Slater & Gordon deal a 'vindication' for Quindell's accounting practices
Quindell's non-executive chairman David Currie said that the sale of the claims outsourcer's professional services division "vindicates" some of the findings of a PWC investigation into the company's accounting practices.
Quindell directors to resign after sale of professional services arm
Quindell CEO Robert Fielding will move to Australian law firm Slater & Gordon following the sale of the claims outsourcer’s professional services arm.
Korean bank KB Financial buys GI insurer LIG
KB Financial, South Korea's second largest bank, is to buy general insurer LIG Insurance for 645bn won (£395m).
Gallagher pursues action against Ross, Mugge and Keey
Arthur J Gallagher is taking legal action against former Gallagher International CEO David Ross.
Devon-based Pavey Group buys Exeter broker
Devon-based Pavey Group has acquired broker Buddens Westinsure to expand its operations in Exeter.
Nationale Suisse shares delisted
The Cantonal Court of Appeal in Basel-Stadt has declared the shares in Nationale Suisse that are not held by Helvetia to be invalid.
Rigby replaces Harman as Crawford's European boss
Former GAB Robins CEO Kieran Rigby will lead Crawford and Company’s European operation in a move that results in the departure of Mark Harman from Crawford.
Bayles outlines Aviva's three-pronged GI growth plan
Growth is on the agenda for Aviva's UK general insurance business in 2015 with partnerships and existing customers identified by chief sales and marketing officer Phil Bayles as two target areas.
Marock notes strong acquisition pipeline for rights issue fund
Charles Taylor is eyeing up potential acquisition targets across all three lines of the company's professional services business as well as life run-off firms, according to CEO David Marock.
Local talent pools
How can insurers develop pools of talent in areas outside the capital, and how do tools such as Linked In and Skype facilitate this?
Crawford's Muress thanks staff and clients as CMA signs off on GAB Robins deal
The Competition and Markets Authority has unconditionally cleared the acquisition of GAB Robins by Crawford and Company after concluding its review of the purchase ahead of schedule.
Apollo-backed bid for Chaucer motor book stalls as Markerstudy revs up interest
Markerstudy is in pole position to tie-up a deal for Chaucer’s UK motor business after a $300m (£203m) bid backed by private equity house Apollo stalled, Post understands.
Jelf buys claims firm Hamilton Bond Group
Jelf has acquired Worcester-based claims consultant Hamilton Bond Group with CEO Alex Alway citing the purchase as a response to challenges imposed on brokers under the Insurance Act.
Cost-cutting and consolidation among insurers predicted for 2015
Scattered reductions in profitability and organic growth over the course of last year will trigger more consolidation and cost-cutting measures among insurers in 2015, industry experts have claimed.
Interview: Steve Bamforth: Come together
A one-company man, Steve Bamforth became CEO of Liverpool-based Griffiths & Armour aged just 38. Now, with a strategy of acquiring teams rather than businesses, he gets a buzz from giving youth a chance