Mergers & acquisitions (M&A)
'Loss adjusting' will drift away says Innovation Group boss
After sealing a £35m deal to acquire LAS, Innovation Group chief executive Andy Roberts has forecast the demise of loss adjusting as terminology.
Kiln buys 49% of Lloyd’s cyber coverholder NAS
Kiln has purchased a 49% stake in NAS Insurance, one of the largest cyber producers in the Lloyd’s market.
Callcredit acquired by Chicago-based PE firm
Software and analytics provider Callcredit Information Group has been acquired by Chicago-based private equity firm GTCR.
LAS agrees £35m Innovation Group sale
Innovation Group has agreed the £35m acquisition of LAS Claims Management, while also announcing a substantial expansion of its motor claims business.
Qatar Insurance Company buys Antares
Qatar Insurance Company is to enter the London market following the acquisition of the entire share capital of specialist insurer and reinsurer Antares.
Interview: Dan Saulter: Hitting the ground running
When Dan Saulter was announced as chief executive at Davies, many in the market were surprised. He explains why he is the right man for the job and why the recent swathe of storms held no fears for him.
Giles and Bollinger deals forecast to cost Gallagher up to £17m through 2014
US broker Arthur J Gallagher is set to pay an estimated £17m in integration costs through this year following the acquisitions of Giles and Bollinger in 2013.
Octo buyer to utilise telematics nous to penetrate Russian market
Renova Group is hoping to penetrate the Russian insurance market by tapping into telematics technology following its acquisition of Octo Telematics in a deal that is reported to be worth €408 million (£249m).
ANV eyes Lloyd’s expansion as it diversifies from marine business
ANV is looking to grow its presence in the Lloyd’s market and is actively engaged in acquisition talks, chief executive Matt Fairfield has told Post.
Tracker to explore European expansion as DLG agrees terms with Lysanda
Direct Line Group has completed the sale of stolen vehicle recovery and fleet tracking telematics provider Tracker to Lysanda.
Vienna Insurance acquires Moldovan insurer
Vienna Insurance Group has inked a deal to acquire a 94% stake of Moldovan insurer Donaris Group.
Quindell set to acquire remainder of Ingenie
Outsourcing provider Quindell has agreed a deal to acquire the remaining shares in telematics firm Ingenie.
Swinton Commercial acquires Welsh intermediary's GI book
Swinton Commercial has acquired the general insurance book of Welsh intermediary Anderson Insurance Services.
North England P&I to merge with Sunderland Marine Mutual
North of England P&I and Sunderland Marine Mutual Insurance look set to create a P&I giant after members agreed to merge.
BIA Countdown: Top of the league: the most successful firms at the British Insurance Awards
To mark the 20th anniversary of the British Insurance Awards, Post thought it would be interesting to see who had been the most successful companies over the first 19 years, using a simple football-inspired scoring system of three points for a win and…
MVP boss McCaffrey closes in on second broker investment deal
Minority Venture Partners chief executive James McCaffrey has played down comparisons between his newly launched broker investment vehicle and Towergate’s Cullum Capital Ventures, ahead of ploughing investment into a second provincial broker.
Allianz seeking €1.2bn asset deal with Italian insurer
Italian insurer Unipol Gruppo Finanziario is considering a proposal from Allianz to buy €1.2bn (£987m) of insurance assets.
Markerstudy spurned last minute Co-op bid
Gibraltar-based motor insurer Markerstudy declined an offer to join an unnamed US investment house in a last-minute bid for the Co-operative’s general insurance arm, Post can reveal.
The Co-operative has done a u-turn over insurance sale - but for how long?
The news that the Co-operative Group has decided not to sell its insurance business after putting it in the shop window in March last year might have caught some on the hop.
Markel acquires Abbey Protection
Markel Corporation has completed a deal to acquire legal expenses insurer Abbey Protection after being granted approval by courts.
2014 tipped to see consolidation surge as sector’s M&A appetite increases
Regulatory certainty, soft market and economic recovery make deals likely.
C-Suite: Look east for growth opportunities
To grow and prosper, all businesses need to seek new territories and then adapt their model to the needs of the local market. This is especially true of modern Lloyd’s brokers, for which simply being in London ceased to be the ultimate competitive…
Kingsbridge sells minority stake to private equity firm
Insurance broker Kingsbridge Risk Solutions has sold a minority stake to Isis Equity Partners, in a deal preserving the structure of the business.
Oval staff informed of Gallagher talks ahead of March deal
Oval staff have been informed about the broker being in exclusive acquisition talks with Arthur J Gallagher, a source close to Oval has said.