Consolidators
SRG doubles headcount and gets new investor with ‘transformative’ acquisition
Specialist Risk Group has expanded into mainland Europe with the acquisition of German broker Ecclesia’s assets in Belgium and the Netherlands.
Acorn Group buys telematics specialist MyPolicy
Merseyside-based Acorn Group has bought MyPolicy, a telematics insurance broker specialising in young drivers and low mileage drivers.
MarshBerry: Labour CGT change sees 2024 hit deal record after 41 buys in Q4
The final three months of 2024 saw the second highest number of quarterly broker deals, according to the latest M&A market update from MarshBerry.
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.
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.
Aon completes Griffiths & Armour buy
Global giant Aon completed the takeover of Top 40 UK insurance broker Griffiths & Armour on 1 January.
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…
SRG buys broker R3
Specialist Risk Group has bought specialist insurance broker, R3, its eleventh acquisition of the year.
AbbeyAutoline buys Coleraine-based Wallace Insurance Brokers
AbbeyAutoline has bought the customer book of business of fellow Northern Ireland firm Wallace Insurance Brokers in its third deal of the year.
Brown & Brown adds to PCG buying employee benefits specialists Drewberry
Brown & Brown Europe has bought Drewberry adding another employee benefits specialist to Premier Choice Group.
Partners& in triple swoop
Partners& has added another two brokers and a managing general agent to its stable, Insurance Age can reveal.
JMG in quadruple deal swoop
JMG has snapped up four brokers, adding additional expertise in high-net-worth, commercial, motor trade, technical and specialist consultancy services to the Yorkshire-headquartered group, Insurance Age can reveal.
Brown & Brown buys Crosby Insurance Brokers
Brown & Brown has purchased North East based Crosby Insurance brokers.
Seventeen snaps up four brokers in October
Seventeen Group purchased four brokers across the UK in October after a string of deals throughout the year.
News analysis: If PIB has reached an end game with Carlyle and Apax, what next?
As speculation mounts that PIB’s backers Carlyle and Apax want to cash in on their investments, content director Jonathan Swift explores how the broker’s strategy of overseas hubs and specialisms might dictate its value to new investors.
Markerstudy completes Hughes purchase
Markerstudy Group has completed the purchase of Northern Ireland based Hughes Insurance as it looks to build in the region.
Deva buys Wrexham-based Tudor Insurance
Deva Group has struck its first deal since The Broker Investment Group upped its stake in the firm to 75% this summer.
Clear adds £10m broker Vision to portfolio in South East
Clear Group has strengthened its presence in the South East buying Bagshot, Surrey-based Vision Insurance Services.
Obituary: David Slade, 19 February 1944 - 4 October 2024
The much respected and revered broking figure David Slade, a past winner of the UK Broker Awards Achievement Award and launch chair of the Faculty of Insurance Broking, has passed away aged 80.
Broker Expo 2024: Sellers have to work harder in 12 months after acquisition
Richard Pitt, managing director at Critical Friend Partnership, observed at the Broker Expo 2024 that in the first 12 months after the acquisition, the seller is “probably going to have to work harder”.