Mergers & acquisitions (M&A)
Roundtable: Legacy systems: Knowing when to move on
How can insurers improve their approach towards the daunting but essential task of keeping their IT platforms up to date?
Ageas given High Court approval to transfer Groupama covers
Ageas has received approval for the formal transfer of all Groupama business to its Optima and Exclusively brands from the end of October.
Doodson Broking acquired by Integro
Manchester based Doodson Broking Group has been purchased by Integro. Terms of the acquisition have not been disclosed.
Europe: Turkish delight
Has Turkey got what it takes to be the next big thing in insurance? Francesca Nyman investigates.
Talk of Expectrum shareholder action group rubbished by market insiders
Shareholders unlikely to receive payouts from Giles sale to Gallagher.
Legal Market: Joining forces
Mergers and acquisitions in legal markets show no sign of abating. But what is behind the desire to consolidate law firms, and what does it mean for the insurance industry?
C-Suite: Get the growth message right
News that the International Monetary Fund has raised the UK’s economic growth forecast from 0.7% to 0.9% for this year has contributed to a growing cautious optimism about the nation’s future.
UK IFAs say increased insurance sector M&A likely
Results from a survey of more than 170 UK independent financial advisors show 87% of respondents consider more mergers and acquisitions in the insurance sector to 2018 are likely.
IFAs say increased insurance sector M&A likely
Results from a survey of more than 170 UK independent financial advisors show 87% of respondents consider more mergers and acquisitions in the insurance sector to 2018 are likely.
L&G bids for Co-op household book
Legal and General has placed a bid for the Co-operative Group’s household insurance book.
R&Q acquires Cypriot firm from Validus
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Cyprus domiciled Flagstone Alliance Insurance and Reinsurance from Validus Group.
R&Q completes Fair run-off acquisition
Randall & Quilter Investment Holdings has acquired the entire issued share capital of Cyprus domiciled insurer and reinsurer Flagstone Alliance Insurance and Reinsurance from the Validus Group.
PZU bids for state-owned Croatian insurer
Polish insurer PZU has made a bid for Croatian insurer Croatia Osiguranje, according to local media reports.
Markel buys Abbey Protection for £116.5m
Specialist insurer Markel has acquired Abbey Protection for £116.5m; a price representing 9.3 times the insurer’s EBITDA.
Equity sells direct broking division to NMG Holdings
Equity Insurance Group has sold specialist motor and home broker Equity Direct Broking to NMG Holdings as part of its strategy for the business to return to underwriting.
Sovereign Capital acquires Kindertons
Private equity firm Sovereign Capital has acquired Crewe-based accident management services provider Kindertons for an undisclosed sum.
Orbit to focus on insurance market following sale to Atlas
Atlas Products International has completed acquisition of Salford Quays-based electronic data interchange provider Orbit UK for an undisclosed sum.
Athene acquires Aviva USA for £1.7bn
Aviva has completed the sale of its US life and annuities business Aviva USA to Athene Holding.
Aviva completes £1.7bn sale of US business to Athene
Aviva has completed the sale of its US life and annuities business Aviva USA to Athene Holding.
350% increase in UK M&A deal values
The value of UK insurance merger and acquisition deals rose by more than 350% to €1.5bn (£1.2bn) in the first half of 2013 from €344.6m in 2012, PWC has reported.
Cigna marks First Assist re-brand with double product launch
First Assist Insurance Services is to be renamed Cigna Insurance Services almost two years after the acquisition of the CIS business.
Direct Line and Churchill: A reflection on a decade old merger
This month marks the tenth anniversary of the takeover of Churchill by Direct Line, then owned by Royal Bank of Scotland.
Howden acquires Norwegian broker
Howden Broking Group has acquired a majority share in Norwegian broker North Edge Forsikringsmegling AS.
M&A surge imminent due to low interest rates and yields
PWC report predicts ‘quiet revolution’ in acquisitions.