Mergers & acquisitions (M&A)
XL Group appoints casualty underwriting manager Europe, reinsurance
XL Group has hired Valérie Devaux–Piquer as casualty underwriting manager, Europe, reinsurance to replace Dieter Kohl, who retires this summer.
Cooper Gay hires global M&A head
Cooper Gay Swett and Crawford have hired Oliver Homer as global head of mergers and acquisitions, effective 17th June 2013.
CGSC hires KBW vice president Homer as global M&A director
Cooper Gay Swett and Crawford has appointed Oliver Homer as global head of mergers and acquisitions.
Sompo Japan expands presence in Brazil
Japanese general insurer Sompo Japan has raised its stake in Sao Paulo-based Maritima Seguros to 87% from 50% through its subsidiary Yasuda Seguros.
Hertz buys accident management firm CCL
UK Car rental giant Hertz has entered the UK replacement vehicle market with the acquisition of Dorset-based accident management provider CCL.
Towergate names Ryan Brown as its new M&A director
Towergate has moved to replace Davies-bound Dan Saulter with the appointment of Ryan Brown as M&A director.
Generali CEO Greco says it is still interested in Latin America despite Mexican disposals
The Generali Group has signed an agreement with Grupo Financiero Banorte to sell its 49% minority stakes in the Mexican companies Seguros Banorte Generali and Pensiones Banorte Generali for a total gross consideration of $857.5m (€649m).
Enstar deal will not impact financial strength of Atrium syndicate
The acquisition of Arden Holdings subsidiary Atrium by Enstar will not impact the financial strength of managing agent Atrium Underwriter’s Syndicate 609 at Lloyd’s.
Towergate network acquisitions director to join Bluefin
Bluefin has appointed the director of acquisitions for Towergate’s network division Paul Roberts to head up its own acquisition strategy.
Levene calls for clarity around Co-op's failed bid for Lloyds branches
Former Lloyd's chairman Lord Levene has called on government to confirm whether it favoured the Co-operative Bank's takeover bid of 632 Lloyds Banking Group branches over one by his own vehicle, NBNK.
Acromas considering £4bn refinancing deal
AA and Saga parent company Acromas is understood to be close to securing a refinancing deal that could lead to the break-up of the group.
Giles Insurance Brokers reports £2.25m loss
Giles Insurance Brokers has reported a £2.25m loss for the year to 31 August in 2012 compared to a profit of £998 000 in the previous year.
Allianz buys Swedish windfarm for undisclosed sum
Allianz said on Wednesday it has bought a Swedish windfarm taking its investment in renewable energy in Europe above €1.5bn.
Royal London members back Co-op life deal
95% of Royal London members have today voted in favour of the mutual’s acquisition of the Co-operative Banking Group’s life insurance and asset management business.
Besso acquires Istanbul-based aviation broker
Besso Insurance Group has agreed a deal to acquire Istanbul-based insurance and reinsurance broker HSB Sigorta ve Reasurans Brokerligi.
Private equity backers fail in aim to boost targets' productivity, says study
Publicly listed firms that are subject to a private-equity buy-out see their performance fall further behind industry rivals, according to research by three academic institutions.
R&Q completes French acquisition
Randall & Quilter Investment Holdings has closed the acquisition of the share capital of French domiciled insurer La Réassurance Intercontinentale from MMA.
R&Q completes French acquisition
Randall & Quilter Investment Holdings has closed the acquisition of the share capital of French domiciled insurer La Réassurance Intercontinentale from MMA.
Kennedys merges with aviation specialists Gates and Partners
Kennedys has agreed a merger with specialist aviation and aerospace law firm Gates and Partners.
Triple merger takes its toll on Covea's 2012 pre-tax profit
Covea Insurance saw its pre-tax profit plummet by almost 50% last year, as merger activity took its toll on the firm’s full year results.
Post Blog: A gentleman's agreement?
How can brokers with appointed representative arrangements deal with partners undergoing M&A activity? John Rusby explains.
Barbon CEO Ramsey exits post-sale
Barbon Insurance Group chief executive Mike Ramsey is leaving the group following the sale of its property & commercial division to Arthur J Gallagher.
Saulter exit will not disrupt Towergate M&A activity, vows Hodges
The departure of Towergate mergers and acquisitions director Dan Saulter will not dent the consolidator’s acquisition strategy in the year ahead, according to chief executive Mark Hodges.
Coface "not a strategic asset" says Natixis chief
French bank Natixis does not expect to put Coface up for sale but would consider reducing its stake in the credit insurer, chief executive Laurent Mignon reportedly told a shareholders meeting on Tuesday.