Mergers & acquisitions (M&A)
Helvetia shareholders urged to support Nationale Suisse takeover bid
Shareholders of Swiss insurance company Helvetia have been summoned to an extraordinary shareholders meeting where they will decide on the capital increase required for the takeover of Nationale Suisse.
Telematics M&As tipped to hit peak as Admiral mulls Insure the Box purchase
Rumoured deal follows those involving Wunelli and Ingenie in recent months.
Compre expands German footprint with HIR acquisition
Reinsurance legacy specialist Compre has completed the acquisition of Hamburger Internationale Rückversicherung from Tawa after obtaining approval from German regulator BaFin.
Swinton acquires books of business from Welsh broker
Swinton has acquired the commercial and personal lines books of Welsh broker EW Southall Insurance and Estate Agents.
BP Marsh acquires 5% stake in Nexus Underwriting for £1.55m
Niche capital venture provider BP Marsh & Partners has snapped up a 5% shareholding in managing general agent Nexus Underwriting Management for £1.55m.
Henderson quadruples risk management unit with CRS buy
Henderson Insurance Brokers has swooped for Staffordshire-based Corporate Risk Systems, substantially bolstering its risk management and training practice.
Integro acquires film broker Stonehouse Conseillers
Integro has further expanded its entertainment practice with a deal to acquire London-based broker Stonehouse Conseillers.
L&G GI profits slump in H1 as attention turns to bolt-on acquisitions
Legal & General has attributed weather claims totalling £12m in the first quarter of 2014 for a slump in the general insurance division’s operating profit to £28m in the first half of the year (H1 2013: £39m).
Interview: Christian Hinsch and Richard Taylor: a winning strategy
HDI Gerling’s chairman Christian Hinsch and UK managing director Richard Taylor tell Post their firm is entering a new phase in its evolution – and reveal what they’ve learnt from the German World Cup-winning football team
Chase Templeton continues growth strategy with three new deals
Private medical insurance group Chase Templeton has secure an additional £4.2m in annual premium income after completing three new deals.
Sale of DLG's international units not set in stone, claims Geddes
Direct Line Group chief executive Paul Geddes has denied the sale of the insurer's Italian and German operations is a foregone conclusion, despite talks on offloading the international divisions gathering momentum.
Endurance terminates Aspen acquisition offer
Endurance Specialty Holdings has terminated its offer to acquire Aspen Insurance Holdings.
Crawford completes Buckley Scott buy
Loss adjusting giant Crawford has acquired construction and engineering specialist Buckley Scott, Post can reveal.
Australian broking group expands with two investments
Sydney-based broking group Austbrokers has invested in a broker and underwriting agency in Australia.
Towergate acquires Lovat and Watt UK
Towergate has completed deals to acquire a pair of brokers based in Tunbridge Wells and Manchester.
Markerstudy completes £20m Supercover buy
Markerstudy has confirmed an agreement to acquire gadget insurance broker and claims administrator Supercover in a deal worth £20m.
Ana Cap completes Brightside acquisition
European private equity firm Ana Cap Financial Partners has completed its acquisition of broker Brightside Group.
ULR CEO departs one month after Cardamon sale
The chief executive of legal expenses provider ULR Additions has departed the firm just over one month after it was sold to claims investment group 116 Cardamon.
IRS purchase will see Lark surpass £26m of annual revenues
Lark Group has moved to boost its annual revenues to more than £26m with the acquisition of Suffolk-based commercial broker Insurance Risk Solutions.
Hg Capital buys Lloyd's software provider Sequel
Private Equity firm Hg Capital has acquired Sequel Business Solutions, a software and services provider to the Lloyd's and London market, in partnership with the Sequel management team.
Helios grows underwriting capacity with Dumasco buy
Helios Underwriting has acquired Lloyd's limited liability member Dumasco for £2.5m.
Broker Exit Strategies: Employees hold key to exit strategies
Eventual sale is no longer an easy way out for SME brokers looking for an exit strategy – instead, they are turning to employee ownership as an option
Switzerland's Helvetia and Nationale Suisse to merge
Helvetia and Nationale Suisse have agreed the terms of a merger, which will see them create a new Swiss insurance group.
Ace acquires Brazilian P&C insurer
Global insurer Ace has agreed to acquire the large corporate property and casualty business of Brazil-based Itaú Seguros from Itaú Unibanco for approximately $685m. Upon completion of the transaction, Ace will be the largest commercial P&C insurer in…