Consolidation
April leaders on moving into UK with Lexham buy
Moving into the UK with the purchase of Lexham is part of a plan to build Europe’s premier two-wheels specialist broker, rather than the start of a buying frenzy as a new consolidator, April Group leaders have confirmed.
Partners& adds two brokers in Midlands
Partners& has snapped up Monaco Insurance Services and Church Side Insurance Services to boost its presence in the Midlands.
Buying or selling an intermediary: Lessons from the front line part 2 – Tax
In the second of a three-part series on broker M&A, Mark Ellis and Tom Golding, both partners in PFK Littlejohn’s Tax team, identify some of the most common tax-related pitfalls that broker leadership teams should look out for during the acquisition…
News analysis: Employee ownership – how does it work for brokers?
Towards the end of 2023, Thomas Carroll became the latest broker to become employee-owned. Ida Axling looks at the benefits of the model for intermediaries and how the sale of Ten to Acrisure busted one myth that they cannot be sold.
Interview: Matt Pawley, NFP
NFP’s Matt Pawley reflects on record levels of M&A, organic growth, brands and business as usual as the Aon deal looms.
TBIG takes stake in Jenkinson Insurance and Penk Insurance
The Broker Investment Group has taken a 49% stake in both Rotherham-based Jenkinson Insurance and Chesterfield-based Penk Insurance.
Brokerbility and Gauntlet aim to help the next generation of broker
Gauntlet leader Roger Gaunt and Brokerbility boss John Dunn tell Insurance Age how both can help the next generation of broker.
Prestige expands Northern Ireland presence with Find Insurance NI buy
Prestige Insurance Holdings has completed the purchase of Find Insurance NI as part of a growth strategy to increase its reach and expertise in the Northern Ireland marketplace.
Ardonagh Advisory targeting deal a month in 2024
Ardonagh Advisory is expecting to match its seven deals in 2023 in just the first half of this year, according to chief commercial officer Phil Bayles.
Prosura hits £3m GWP in a year
Prosura has already reached £3m gross written premiums, according to Jon Newall, managing director, since it began trading at the beginning of 2023.
Deals and organic growth boost Howden revenue to £2.44bn
Howden grew revenue by 33% to £2.44bn in the year ended 30 September 2023 on the back of 56 acquisitions and 13% organic growth.
Brown & Brown buys Kent-based Stewart & Partners
Brown & Brown has bought out Oxlea Investments, trading as Stewart & Partners, to become part of its South East retail hub Green Insurance Group.
Ardonagh Advisory boosts Scottish presence
Ardonagh Advisory has purchased Glasgow-based Solutions Healthcare, a whole-of-market healthcare insurance broker.
Interactive insurance broker UK M&A Map 2024
In 2023, Insurance Age reported on 114 UK broker deals with Brown & Brown Europe leading the way with 21.
Voyager snaps up specialist travel broker
Voyager Insurance has completed the purchase of Norwich-based specialist broker Navigator Travel Insurance.
Clear buys HNW broker Porticus
Clear Group has bought London-based high-net-worth specialist broker Porticus Insurance Consultants in its first deal of 2024.
Jensten strikes first deal of 2024 with Home Counties buy
Jensten has bought community broker Melville Burbage, its first deal of 2024.
JMG Group’s Astute makes first buy with property specialist
Astute Insurance Solutions has bought property specialist Sandhouse Insurance in its first deal since becoming part of JMG Group in 2022.
Howden buys AHR Consultants
Howden has bought Rugby-based AHR Consultants, bolstering its risk management capabilities in the UK.
NFP boosts London presence with Advanced Insurance Consultants buy
US-headquartered broking firm NFP has purchased London-based Advanced Insurance Consultants to develop its client base in the London and the wider South East areas.
Howden buys Scottish broker Laurie Ross
Howden has bought Glasgow-headquartered personal and commercial lines broker Laurie Ross.
French wholesaler buys motor specialist broker Lexham Insurance
April, a wholesale insurance broker in France and Europe, has bought two-wheeler insurance specialist Lexham Insurance.
The American consolidators are not done yet
Recent years have been notable for the amount of consolidation led by US-based insurance brokers. Ida Axling looks at whether these players are likely to continue doing deals at the same rate and what is driving these buying sprees.
Jensten deal spend tops £70m as losses widen
Jensten’s post-tax losses worsened to £32.8m in the year ended 31 March 2023, from £21.5m the year before.