Mergers & acquisitions (M&A)
IWDC14: Acquisition boom predicted as insurers look to bolster digital strategies
Digital start-up companies, telematics providers and aggregators are being increasingly targeted for acquisition by insurers that are planning to establish a stronger foothold within the evolving digital environment.
Hyperion and RK Harrison in exclusive merger talks
Hyperion has entered into exclusive talks to acquire RK Harrison over a potential merger, creating a broker described as “the pre-eminent international and UK retail distribution network”.
Research: State of the Broking Nation Part 3: Networks and Consolidation
The value and the role of networks and the question of who benefits most from their involvement in the distribution chain are among the themes discussed this week in the third instalment of the State of The Broking Nation. But to begin with, as the…
Aon Benfield swoops for Adriatic reinsurance broker
Aon Benfield has purchased a Greece and Cyprus focused reinsurance broker, recruiting 11 local staff in the process.
Assurant Solutions buys French mobile insurer
Assurant Solutions has completed its purchase of French mobile insurance administrator CWI Group.
Zurich completes sale of Russian retail business
Zurich Insurance Group has completed the sale of its general insurance retail business in Russia to OLMA Group.
Willis and Miller a good cultural fit says Hearn
Willis deputy CEO Steve Hearn has expressed confidence in the shared values and cultures between his own business and its potential purchase Miller.
Private equity eying larger EMEA insurance stake
Insurance firms across Europe, the Middle East and Asia are more focused on disposals than acquisitions as they look to shed non-core units and strengthen their market positions elsewhere.
Interview: Dominic Christian: Ready to rumble
Aon UK CEO Dominic Christian tells Post the firm’s move to the UK is a statement of intent, and outlines his targets for growth in the SME arena
Willis and Miller in 'exclusive' talks
Willis and Miller have confirmed they have entered 'exclusive' talks ahead of a potential merger.
Bluefin confirms Scottish broker purchase
Bluefin has confirmed its acquisition of Scottish broker Regional Insurance Group, completed on 8 October.
Bluefin to acquire Scottish broker OKD
Bluefin is poised to buy Scottish intermediary OKD Insurance Brokers, Post understands.
ERS owner Aquiline splurges on US adjuster
Private equity house Aquiline Capital has announced a deal to buy one of the largest independent claims adjusters in the United States.
Swinton acquires Sunderland broker
Swinton has acquired Sunderland-based broker Thompson Insurance Consultants following the retirement of its owner.
Willis completes acquisition of Sweden's Max Matthiessen
Willis has completed its acquisition of a 75% controlling stake in Swedish insurance adviser Max Matthiessen.
Alan & Thomas grows footprint with Dorchester acquisition
Alan & Thomas has bought Casterbridge Insurance in Dorchester, the broker's second acquisition in the area in two months.
Ironshore boosts Japan Lloyd's M&A team
P&C insurer Ironshore has appointed former lawyer Steven Harwood as Ironshore's Lloyd's syndicate Pembroke's dedicated underwriter in Tokyo.
Ryan Direct Group snaps up Assurant Intermediary
Doncaster-based Ryan Direct Group is acquiring the entire share capital of Assurant Intermediary along with its 55 000 policies and £20m of gross written premiums for its home and protection books.
Suspension of Xchanging merger could trigger commercial costs
The suspension of Xchanging’s merger with Agencyport could be costly for the firm, according to John Milligan, partner in EU and competition law at Clyde & Co.
Scale not an issue for Aon as UK boss Christian targets acquisitions
Aon has the investment and inclination to make a substantial UK acquisition, providing the culture of target businesses aligns with the broking giant’s own operational philosophy.
Jelf purchases Midlands broker Cronin & Co
Jelf has completed a deal to purchase Barnt Green-based intermediary Cronin & Co Corporate Insurance Brokers, adding to the consolidator’s presence in the Midlands.
Solvency II and shareholder pressure to blame for international business sales
DLG’s sale of Italian and German businesses follows similar deals by other firms
Henderson grows Peterborough footprint with acquisition
Henderson Insurance Brokers has acquired Peterborough-based Richard Kiddle Insurance Brokers.
Helios sees H1 GWP boost through acquisitions
Helios Underwriting has attributed its increase in underwriting capacity to £21.3m for the six months ended 31 June 2014 to the acquisition of three businesses in the period.