Mergers & acquisitions (M&A)
Sompo Japan in talks to buy Canopius
Japanese general insurer Sompo Japan is in advanced talks to buy Lloyd's insurance group Canopius for around £600m ($970m).
Leeds-based fraud investigator AGS Risk Solutions bought by Insight
Claims investigation company Insight has acquired Leeds-based fraud and financial crime investigations provider AGS Risk Solutions.
Adjusters sceptical over ‘organic growth’ plans after Davies seals Garwyn deal
Sources say Davies CEO Saulter’s background points to further M&A activity.
Howden expands Nordic footprint with deal for Finnish broker
Howden Broking Group has acquired of a majority share in Finnish broker Colemont Finland Oy from AmWins subsidiary Colemont Global Group.
C-Suite: Bad news for insolvency businesses
There are almost no areas of our business where we hope that growth tails off in the coming months.
Jelf CEO not averse to more M&A activity despite organic investment
Jelf Group chief executive Alex Alway has vowed to continue to invest in organic growth within the insurance broking division, despite the successful integration of The Insurance Partnership contributing to an uptick in 2013 revenues.
Saulter pledges organic growth focus after Garwyn buy
Davies chief executive Dan Saulter says his business will focus on growing through contract wins and recruitment rather than acquisition after it today sealed a deal to acquire Garwyn.
Higos expands footprint with John Morgan acquisition
High street broker Higos Insurance Services has expanded its footprint with the acquisition of John Morgan Insurance Consultants in Dorset.
Brokerbility gains controlling interest in Broker Tech
Independent broker network Brokerbility has acquired 100% of the share capital of Broker Tech, the Maidstone based software solutions provider.
Ex-Benfield CEO to take on Aon with Capsicum 'challenger brand'
Arthur J Gallagher’s entrepreneurial approach to business was a major factor in Grahame Chilton's decision to partner his reinsurance intermediary business Capsicum Re with the broker, he has told Post.
Oval in exclusive talks over sale of financial sevices division
Oval has entered into a period of exclusivity with a national financial advisory firm with a view to concluding a sale of Oval Financial Services in early 2014.
Towergate confirms Footman James acquisition
Towergate Insurance has confirmed the completion of the Footman James acquisition.
Kiln and Tokio Marine Europe join forces
Kiln and Tokio Marine Europe have merged to form one insurer called Tokio Marine Kiln Group.
Towergate acquisition of Footman James complete
Aon Risk Solutions has completed the sale of niche motor broker Footman James to Towergate.
Ironshore Australia and Inter Hanover announce M&A agreement
Ironshore Australia has reached an agency agreement with Inter Hanover for M&A insurance business primarily emanating from Australia and New Zealand.
DAC Beachcroft opens local Columbian office
Law firm DAC Beachcroft has established a local presence in the Columbian market, following its merger with insurance practice, De La Torre & Monroy Abogados Asociados.
Markerstudy 'still has an interest in Brightside' says Holman
Markerstudy still has "an interest in the well-being of Brightside” according to the broker’s outgoing chief executive Martyn Holman.
DLG completes sale of life book to Chesnara
Direct Line Insurance Group has completed the sale of Direct Line Life Insurance Company to Chesnara.
JLT acquires South African broker Eluleka
Jardine Lloyd Thompson Group has acquired South African employee benefits and healthcare broker and consultant Eluleka Consulting.
Hellman & Friedman picks up Applied Systems in $1.8bn deal
Private equity backer Hellman & Friedman has completed a $1.8bn deal to acquire Applied Systems, the software house behind Insurecom.
Aviva’s attempt at asbestos exit fueled by increased long-term claims certainty
Firm’s plan to offload rumoured £1bn book linked to overall restructuring,
Aetna acquires the Interglobal Group
Aetna has acquired Interglobal Group, which specialises in private medical insurance for groups and individuals in the Middle East, Asia, Africa and Europe.
Manchester Underwriting acquires Senior Wright Indemnity
Specialist MGA Manchester Underwriting has inked a deal to purchase Lloyd’s broker Senior Writing Indemnity.
Europe: Driving up M&A activity
Following the spectacular rise in value of merger and acquisitions in the European insurance sector during the first half of the year, Edward Murray looks the drivers behind the increase in activity.