Mergers & acquisitions (M&A)
CGSC launches LatAm wholesale insurance broking expansion
Independent wholesale broker Cooper Gay Swett & Crawford is to expand its Swett & Crawford wholesale broking business into the Latin American market.
Zurich sells Russian retail business to OLMA Group
Zurich has agreed to sell its Russian retail business to investment firm OLMA Group, but will retain its Russian corporate business.
RSA to sell Chinese arm to Swiss Re for £71m
RSA Insurance Group has agreed a deal to sell Sun Alliance Insurance (China) to Swiss Re Corporate Solution.
Samsung Fire & Marine eyes China expansion
Samsung Fire & Marine Company is in talks with Chinese firms to establish a marine insurance company in the country, according to local news reports.
JLT acquires stake in Sunidhi Group broking subsidiary
Jardine Lloyd Thompson has completed the acquisition of a 26% shareholding in Independent Insurance Brokers Private, the Mumbai and Chennai-based insurance and reinsurance broking subsidiary of Indian financial services business Sunidhi Group.
C-Suite - Broker: Where next for broker consolidation?
Despite a considerable amount of consolidation over the past year, we still have a very fragmented broker market, with around 3300 brokers operating in the UK.
Swinton buys book of business from Barnstaple broker
Swinton has acquired the commercial and personal lines book of business of Barnstaple-based broker Money Matters.
Cunningham Lindsey agrees to sell Corpore to The Treatment Network
Cunningham Lindsey has agreed to sell its rehabilitation and absence management business, Corpore, to independent rehabilitation group The Treatment Network for an undisclosed fee.
Brunel appoints Ladkin as non-executive chairman
Brunel Professional Risks has appointed Chris Ladkin as non-executive chairman as it sets its sights on becoming one of the UK’s largest independent brokers.
Sportscover and Haverford end sale talks
Acquisition talks between Sportscover and financial services company Haverford have ended with both parties expressing disappointment no deal was agreed.
QIC completes Antares buy
Qatar Insurance Company has completed its acquisition of Lloyd’s insurer and reinsurer Antares, including regulatory approvals.
Munich Re's general insurance arm buys in Singapore
Ergo, a wholly owned subsidiary of Munich Re, has bought property and casualty insurer SHC Insurance for €66m ($90m).
Europe: Russian Evolutions
Sberbank Strakhovanie looks set to become the leader of the Russian insurance market, Ingosstrakh and Alliance Zhizn change their management and Sogaz avoids US sanctions
Ana Cap ties up deal for French broker Assur One
European financial services private equity firm Ana Cap has teamed up with company management to complete the buyout of French digital insurance broker Assur One Group.
Vodafone to acquire Italian telematics firm Cobra
Vodafone has launched a voluntary offer to acquire Italian telematics firm Cobra Automotive Technologies at €1.49 (£1.18) per share valuing the company at €145m.
Liberty Insurance acquires Northern Ireland broker Hughes
Liberty Insurance has acquired Northern Ireland broker Hughes Insurance, according to Post's sister publication Insurance Age.
C-Suite - Broker: The equation for M&A success
Success, like genius, is both inspiration and perspiration. And while Thomas Edison believed genius to be 1% the former and 99% the latter, whether the balance is the same in success is perhaps a matter of debate.
Fosun eyes stake in South Korea insurer
Chinese conglomerate Fosun has joined the race for a minority stake in South Korean property and casualty insurer LIG.
Europe: M&A activity set to pick up?
Edmund Tirbutt investigates what is behind the current decline in merger and acquisition activity on the Continent, and looks at what the future could hold for deals
ULR Additions sold to claims investment group
Legal expenses provider ULR Additions has been sold by founders Alan and Birgitt Macalister to an investment group specialising in claims management firms, Post can reveal.
BP Marsh eyes start-up opportunities
The current tough environment for brokers could create significant investment opportunities for venture capital firms, according to BP Marsh chairman Brian Marsh.
A-Plan's PE owners planning sale, states report
Retail broker A-Plan is gearing up for a £300m sale, according to Sky News.
C-Suite - Broker: What makes a good acquisition?
The past 12 months have been a busy period for merger and acquisition activity across the insurance sector – an encouraging reminder that our industry remains as dynamic as ever, with businesses continuing to execute ambitious growth strategies as they…
Capital Z deal tees up potential acquisitions as BMS is renamed Minova
BMS Associates has been renamed Minova Insurance following the completion of £30m of investment by private equity firm Capital Z.