Mergers & acquisitions (M&A)
Dutch group sells insurance arm to Chinese insurer
SNS Reaal, a troubled Dutch government owned bank and insurer, has agreed to sell its insurance arm to Anbang Insurance.
JLT sells 26.2% stake in French associate
Jardine Lloyd Thompson Group has sold its 26.2% stake in Milestone, the holding company of Siaci St Honoré, the broker's French Associate.
Helios acquires Lloyd's vehicle Nameco
Helios Underwriting has acquired Lloyd's limited liability member Nameco for £800,000 in cash.
Ten looks back at the past decade
The financial crisis, broker consolidation and the rise of e-trading - Ten's Malcolm Lee looks back at the years since the company opened its doors
Blog: Can Towergate really wait a year for Ross to join as CEO?
What a week. But are we still really any clearer about David Ross’s appointment as CEO of Towergate Group?
Gallagher warned to batten down the hatches as Ross targets Towergate turnaround
David Ross’s success as Towergate CEO will hinge on the nature of the executive team he is able to assemble, according to market insiders, who have suggested Arthur J Gallagher International should brace itself for a raid on senior staff.
Towergate's Lyons hails creditor deal as ‘vote of confidence’ in the broker
Alastair Lyons, Towergate interim CEO, has hailed the deal reached with secured and unsecured creditors as “a vote of confidence” in Towergate and its future strategic plans.
Towergate confirms unsecured bondholders to purchase majority share
Towergate has confirmed that it has reached an agreement to be acquired by its senior unsecured creditors.
Towergate approves creditor takeover
Towergate has formally agreed a deal with its bondholders that will see the company taken over by its unsecured creditors, according to a Reuters report.
Pen Underwriting acquires Evolution
Pen Underwriting has bought Kent-based Evolution Underwriting Group for an undisclosed amount.
Nationale Suisse sells Belgian subsidiaries
Nationale Suisse has agreed to sell its subsidiary National Suisse Belgium and two underwriting agencies as part of its planned withdrawal from the Belgian market.
Willis and Miller merger a ‘tragedy’, says Gallagher boss Ross
Willis’ planned acquisition of Miller has been labelled "a tragedy" for the market by Arthur J Gallagher International CEO David Ross.
GRP backs MBO at Lloyd's broker Ropner
London market consolidator Global Risk Partners has backed its second management buyout in three months after agreeing to support an MBO by Lloyd’s marine broker Ropner Insurance Services.
Duff and Phelps to acquire American Appraisal
Global valuation and corporate finance advisor Duff & Phelps Corporation has agreed to acquire global full-service valuation and fixed asset management advisor American Appraisal.
Audio: Lyons on rival Towergate bids
Towergate interim CEO Alastair Lyons discusses the firm's various former suitors and why the debt-for-equity swap deal with senior creditors was its preferred bid.
Quindell assures market over ongoing sales talks
Insurance outsourcer Quindell has confirmed that talks to sell its legal services arm to Australian law firm Slater & Gordon are ongoing.
Towergate tipped for future sale despite debt-for-equity deal
There is “no question” Towergate will be up for sale once again in the coming years, according to market insiders, who believe the swift appointment of a CEO is paramount following this week’s debt-for-equity deal.
Interview: Stewart Ower: Going with the flow
Chairman of UK Spill Stewart Ower plans to use his tenure to ensure any environmental aspect of a claim is one recognised as early as possible, so proactive intervention can help take control of claims costs
Clark Thomson buys Willis’ Scottish commercial business and joins WCN
Clark Thomson Insurance Brokers has agreed a deal to acquire Willis’ commercial business in Scotland, while also joining the Willis Commercial Network.
Saga shares climb 11% on Bennetts announcement
Over-50s specialist Saga has seen its share price surge by more than 10% in a day’s trading following an announcement that it would pay £26.26m to acquire motorbike broker Bennetts.
Saga buys Bennetts in £26.26m cash deal
Saga is to pay £26.26m in cash to BGL Group to buy specialist broker Bennetts, in a deal that will grow the over-50s insurer's existing motorbike customer base more than ten-fold.
Mid-Sussex broker Bennett Christmas snaps up Howden PI book
Burgess Hill-based broker Bennett Christmas Group has acquired of a book of professional indemnity business from Hyperion Group subsidiary Howden Insurance Brokers.
McManus and Chaucer silent on $300m buyout rumours
Brendan McManus and insurer Chaucer have refused to be drawn on speculation that the former Arthur J Gallagher UK retail CEO will lead a buyout of the insurer's UK motor business, backed by private equity house Apollo.
Quindell confirms Slater & Gordon sales talks
Troubled insurance services provider Quindell has confirmed that it is in talks over disposals with law firm Slater & Gordon.