Mergers & acquisitions (M&A)
Brown & Brown Europe reveals final deal of 2024 with Hampshire broker buy
Brown & Brown Europe rounded off 2024 with a swoop for Hampshire-headquartered Addingstone Insurance Solutions, Insurance Age can reveal.
SRG details acquisition spend in run-up to PE deal
Specialist Risk Investments, bought by Warburg Pincus and Temasek last year, spent over £65m on deals in 2023 and has detailed subsequent outlays.
Intellectus and Consultus join forces
Intellectus Insurance Brokers has entered into a strategic partnership with Consultus Insurance Brokers.
Blog: What’s in store for 2025
With 2025 already here, Rosie Simms looks at key themes that will run through the year and why it is important to stay ahead on acquisitions, AI and regulation.
JMG purchase costs drop to £19.6m in 2023/24
JMG Group spent £19.63m on acquisitions in the year ending 31 March 2024, settling the bulk of the bill in cash.
Jensten deal spend £119m in 2023/24
Jensten spent £119.35m on acquisitions in the year ended 31 March 2024, adding to investments of £73.3m and £36.2m in the previous two years.
Das UK brand exits market in Arag integration
Legal expenses insurance provider Arag has completed the integration of the Das UK brand a year on from the deal going through.
Aon completes Griffiths & Armour buy
Global giant Aon completed the takeover of Top 40 UK insurance broker Griffiths & Armour on 1 January.
Direct Line accepts Aviva’s £3.7bn takeover offer
Direct Line has accepted Aviva’s improved offer to takeover the company this morning in a deal one analyst has described as a "bold move that could turn out to be a gift that keeps on giving".
BMS completes David Roberts & Partners buy
BMS Group has finalised the acquisition of David Roberts & Partners, after it was announced in earlier this year.
Aviva-target DLG launches on Compare the Market
Aviva takeover target Direct Line Group has launched three new branded motor insurance products on Compare the Market, marking its entry on to price comparison websites.
Review of the Year 2024: Axa UK’s Paul Tombs and Matt Field
The Axa UK duo of Paul Tombs and Matt Field reflect on award wins; the fall-out of the Markerstudy-Atlanta deal and the success of its partnership with Liverpool FC.
Brokers urge Aviva not to let DLG deal dull service
Brokers have hailed the ongoing improvements at Aviva and called on the provider not to be knocked off course in the regional market should the Direct Line Group takeover complete as expected.
CEO Ross hails “new phase” as Ardonagh valued at £11bn after Stone Point investment
Ardonagh has announced an equity investment from funds managed by US-based private equity firm Stone Point Capital LLC, the alternative investment management specialist, that values the broking group at $14bn (£11.04bn).
Review of the Year 2024: Acrisure UK’s Mark McIlquham
Mark McIlquham, CEO of Acrisure UK, expresses disappointment at high-quality independent intermediaries selling to consolidators; still thinks a big insurer might snap up a broker; and reckons his children would take delight in watching him take part in…
Financial Affairs buys Owen & Ewing
Burnley-based Financial Affairs has completed its fourth acquisition purchasing Owen & Ewing Insurance Brokers.
Ageas and Saga seal £207m partnership and Acromas deals
Ageas and over-50s specialist Saga have signed on the dotted line agreeing a 20-year partnership for motor and home insurance and the sale of Saga’s underwriting business, Acromas.
JMG expands into North Wales with Anchor buy
JMG Group company, Butterworth Spengler Insurance Brokers, has bought Anchor Insurance, growing its presence into North Wales.
Lycetts buys broker Cheviot
Lycetts has strengthened its presence in the North East, purchasing fellow Newcastle-based broker Cheviot Insurance Services.
Review of the Year 2024: Pen Underwriting’s Nick Wright
Nick Wright, chief development officer at Pen Underwriting, questions the market’s short memory with regards boom-and-bust; is interested in the future of PIB and pan-European consolidation; and offers a pitch to take part in Bear Grylls’s The Island.
SRG buys broker R3
Specialist Risk Group has bought specialist insurance broker, R3, its eleventh acquisition of the year.