Consolidation
Broking Success: Independence is number one selling tool
David MacKay, managing director of MacKay Corporate Insurance Brokers, sees the sky as the limit for independent brokers.
Tony Buss to lead merged Arag and Das UK business as deal completes
Arag Group has announced that its UK boss, Tony Buss, pictured, will lead the new enlarged legal expenses business, having completed the acquisition of Das UK from German insurance group ERG Versicherung AG.
Buying or selling an intermediary: Lessons from the front line part 1 – finance and regulation
In the first of a three-part series on broker M&A, Will Lanyon, partner in PFK Littlejohn’s transaction advisory team, examines the financial and regulatory issues broker leadership teams should consider during acquisitions.
AssuredPartners’ Borland buys Gibson Hawick
Borland Insurance has bought fellow Scottish broker Gibson Hawick.
Adler Fairways makes string of purchases
Adler Fairways has completed two purchases this month through the acquisitions of ACM Broking and Primassure, taking the total in the past 12 months up to five.
Romero boosted turnover and growth by more than 20% in run up to sale
Romero Insurance Brokers achieved a 31% rise in post-tax profits to £5.04m ahead of being snapped up by AssuredPartners.
The Broker Investment Group strikes first deal of 2024
The Broker Investment Group has taken its shareholding in Bedford-based £12m gross written premium broker Bullerwell Insurance to 100% in its first deal of 2024.
Ardonagh kicks off 2024 with HNW deal
Ardonagh Advisory has bought private clients specialist distribution business Hoxton Risk Services in its first deal of the year, Insurance Age can reveal.
JMG adds £100m of deal firepower
JMG Group has raised an additional £100m of committed acquisition facilities from existing lender, Ares Management, Insurance Age can reveal.
Reich posts flat turnover and lower profits as sale costs bite
Reich Insurance Brokers grew turnover by a ‘marginal’ 1% to £14.82m in the year of its sale to Howden.
Momentum AR Malago buys fellow firm Mulberry
Bristol-based Malago Insurance brokers has bought Mulberry Insurance Brokers, following the retirement of its principal Keith Johnson.
Partners& deal prices revealed
Partners& paid out £15.2m for five purchases made in the year ended 31 March 2023, a filing at Companies House has revealed.
Arch to sell MGA platform Castel to Ryan Speciality
Ryan Specialty has signed a definitive agreement to acquire Castel Underwriting Agencies from Arch Financial Holdings (UK) and minority shareholders.
Analysis: Aon’s £10.6bn NFP takeover not enough for it to replace Marsh as largest global broker
Aon’s £10.6bn acquisition of NFP earlier this week will not be enough to help it supplant Marsh McLennan as the world’s largest broker, according to a report.
Linked integration and organic growth key to JMG success, says CEO Houghton
Delivering on integration is “a bit of an obsession”, JMG Group CEO Nick Houghton told Insurance Age, as the broker posted rising Ebitda for 2022/23.
JMG deal bill tops £60m as purchases and organic growth boost Ebitda
Augusta Topco, the holding company for JMG Group, faced a bill of £63.2m for seven broker buys in the 2022/23 financial year, far outstripping the £17.3m of acquisition costs the year before.
Aon to buy NFP from Ardonagh investors MDP and HPS for £10.6bn
Aon has agreed to acquire rival US broking firm NFP for a total consideration estimated to be $13.4bn (£10.6bn).
Ardonagh notches up seventh broker buy of 2023
Ardonagh Advisory has announced plans to acquire Westfield Brokers, its seventh broking buy of 2023.
Brown & Brown snaps up South Wales broker R McGee
Brown & Brown (Europe) has bought out R McGee Insurance Brokers based in Maesteg, Glamorgan, for an undisclosed sum.
Jensten buys Scrutton Bland in East Anglia
Jensten has added to its footprint in East Anglia buying Scrutton Bland Insurance Brokers to follow up its purchase of One Broker, which completed last month.
How is broker M&A shaping up for acquirers and consolidators in 2024
With Insurance Age reporting on more than 100 broking deals alone in 2023, there still seems to be a healthy appetite for mergers and acquisitions in the sector. Saxon East reflects on the last 12 months and asks what the future has in store for further…
Clear Group widens reach with launch of European arm
Clear Group has launched a holdings business in Continental Europe, as it looks to make its first acquisition in the area, Insurance Age can reveal.
Ardonagh buys RiskSTOP Group
Ardonagh Advisory has purchased RiskSTOP Group, a provider of risk management surveys and ancillary services to the UK insurer and broking communities.
SRG nets biggest deal to date with CBC buy
Specialist Risk Group has agreed to acquire London-based professional lines specialist, CBC Partnership.