Mergers & acquisitions (M&A)
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.
Gallagher raising $200m for acquisitions
Arthur J Gallagher has revealed plans to generate up to $200m of cash through a stock sale announced last night.
Generali sells Fata Danni to Cattolica for €179m
Italian insurer Generali has agreed to sell its agricultural risks business Fata Assicurazioni Danni to Cattolica for €179m (£149m).
Markerstudy touted as saviour for Capita broking businesses
Brightside deal could still go ahead despite acquisitions.
Editor's comment: Sticking to the knitting
Sometimes you just need to stick to what you know best, a point proved by Capita this week when it sold ailing insurance businesses BDML, Lancaster, Sureterm and Delta to Markerstudy for an undisclosed sum.
NMB chairman appointed CEO of Cooper Gay
Reinsurance broker Cooper Gay & Co has appointed Gordon Newman as chief executive officer with immediate effect.
Markerstudy acquires Capita insurance businesses as Pindar steps down as CEO
Capita has announced the sale of BDML, Lancaster, Sureterm and Delta to Markerstudy for an undisclosed sum as chief executive Paul Pindar announces his departure from the outsourcing company.
Aviva to sell stake in Italian insurer Eurovita
Aviva is selling its 39% stake in Italian insurer Eurovita Assicurazioni to JC Flowers for €33m (£27m).
Aviva to sell stake in Italian insurer Eurovita
Aviva is selling its 39% stake in Italian insurer Eurovita Assicurazioni to JC Flowers for €33m (£27m).
Quindell plans two major insurer deals in next six months
Outsourcing firm Quindell expects to announce at ‘least two major new clients’ in the next six months along with increasing the volume of business with three of its existing clients.
McManus named CEO of UK retail at Gallagher
Former Giles chief executive Brendan McManus has been appointed CEO of UK retail at Arthur J Gallagher following the official completion of the £233m acquisition of the Giles business.
Aon 'in talks' with Towergate over Footman James sale
Aon is in "advanced talks" with Towergate over the sale of classic car and motorcycle broker Footman James.
RSA’s Lee facing ‘personal crisis’ amid share price drop and future uncertainty
Simon Lee’s position as RSA group chief executive is under threat following a week that saw the insurer issue two profit warnings, which triggered a share price plummet, market insiders have claimed.