Mergers & acquisitions (M&A)
Helios boosts capacity with Nameco acquisition
Helios Underwriting has agreed to acquire Nameco (No 311), a limited liability member of Lloyd's, for a total consideration of £1m in cash.
RSA sells stake in Thai insurer Syn Mun Kong
RSA has completed the sale of its 21.75% holding in Thailand-based insurer Syn Mun Kong.
Rival bids for Catlin from Asia and US predicted following XL offer
XL Group’s potential acquisition of Catlin has been billed as positive for both parties, although the bid is expected to flush out interest from Asian and US firms targeting a Lloyd's presence, according to analysts.
Ace to acquire Fireman's Fund PL business for £234m
Allianz has agreed to sell its Fireman’s Fund Insurance Company personal lines business in the US to Ace for $365m (£234m) by means of renewal rights arrangement.
Bluefin snaps up Yorkshire broker Marchant McKechnie
Bluefin has bought of East Yorkshire broker Marchant McKechnie, taking its total number of acquisitions for the year to five.
Catlin in 'advanced discussions' to sell Insure the Box
Catlin Group has confirmed it is in advanced negotiations regarding the sale of its interest in Box Innovation Group.
XL Group makes offer for Lloyd's insurer Catlin
Catlin Group has confirmed it has received an approach from XL Group.
Integro snaps up London market bloodstock broker Howard Global
International insurance broker and risk management firm Integro has acquired Howard Global Insurance Services, a Lloyd’s-registered specialty broker.
A-Plan tipped to build branch network in the north following HG backing
The new financial backing secured by A-Plan reflects a vote of confidence in the branch business model, according to market insiders, who have tipped the high-street broker to build a presence outside its southern stronghold.
Plum plots ‘accelerated’ expansion following Global Risk Partners-backed MBO
Specialist household MGA Plum Underwriting has completed a management buyout backed by London Market focussed consolidator Global Risk Partners.
Review of the Year: Broking
Post’s annual review of the broking market gathered thoughts from Ten, Brokability, Yutree, UIB and Arthur J Gallagher to reflect on 2014 and predict what 2015 will bring in terms of regulation and consolidation
Tasker completes Pro Hospitality purchase
Tasker Insurance Group has completed its acquisition of broker Pro Hospitality.
Beaumonts deal over a year in the making, claims Jelf CEO
Jelf and Yorkshire-based Beaumonts Insurance Group were in discussions for more than a year before the terms of the takeover were agreed, group CEO Alex Alway has revealed.
Anbang agrees deal to buy Delta Lloyd Bank Belgium
Chinese financial services company Anbang Insurance has reached an agreement to buy Delta Lloyd Bank Belgium from Dutch financial group Delta Lloyd for €219m.
Equistone sells A-Plan stake to Hg Capital
Private equity firm Equistone has agreed a deal to sell its majority stake in UK broker A-Plan to investment firm Hg Capital.
James Hallam reveals £200m growth plan
A merger or acquisition could be instrumental in a plan to build broker James Hallam from its current form as a top 30 UK independent broker into a major UK player of £200m gross written premium or more.
Chase Templeton premium income moves north of £100m with triple purchase
Private medical insurance specialist Chase Templeton has concluded 2014 by tying up a trio of acquisitions that are expected to generate £2m in annual premium income.
Crawford hit with CMA enforcement order regarding GAB deal
The Competition and Markets Authority has launched an investigation into whether Crawford and Company’s acquisition of fellow loss adjuster GAB Robins will serve to diminish competition in the UK.
UK General completes Clydesdale-backed refinancing after handing more power to MDs
Leeds-based insurer UK General has refinanced debts with Clydesdale Bank in a bid to better position the business for growth after handing more power to its schemes, rural and commercial managing directors.
Interview: Paul Anscombe: Setting the standard
Paul Anscombe’s decision to set up the Insurance Brokers’ Standards Council has caused something of a stir within the broking community – but the James Hallam MD tells Post the group is exactly what the industry needs
Review of the Year: Lloyd's
Post’s annual review of Lloyd’s and the London market gathered reflections from players including Besso, Markel, Lloyd’s, Hiscox, EY and Beazley to reflect on 2014 and the challenges and expectations that lie ahead for next year
Towergate sells Hayward Aviation to JLT for £27m
Jardine Lloyd Thompson Group has bought Towergate's Hayward Aviation for £27m.
Esure buys remaining Go Compare stake for £95m
Esure has purchased the remaining 50% stake in aggregator Go Compare for £95m giving the price comparison website a valuation of £190m.
Towergate bankers invite bondholder bids
Bankers charged with finding a buyer for Towergate have moved to invite bids from the embattled broker’s bondholders.