Mergers & acquisitions (M&A)
Co-op's GI arm posts improved profit as GWP tumbles by £40m
The Co-operative Group’s general insurance arm made an operating profit before tax of £28.8m in the first half of 2013.
JLT's Thistle expands into warranty market with RMS acquisition
Thistle Insurance Services has acquired Risk Management Support Ltd (RMS) and eWarranty, Insurance Age can reveal.
Lobb first up as MD at US Risk UK
US Risk (UK), the parent company of Oxford Insurance Brokers and James Hampden International Insurance Brokers, has appointed Mike Lobb as its first managing director.
Farr extends three-year contract with homes provider
Social housing risk specialist Farr Insurance has secured a three-year contract extension worth some £340,000 to provide cover for Worcester Community Housing.
Insurecom sale was a "customer-centric" deal
Insurecom's sale to US partner Applied Systems has been described by the UK firm's new vice president as a "customer-centric" deal.
Insurecom bought by US partner Applied Systems
Insurecom has been bought by US-based partner and fellow software company Applied Systems, Insurance Age can reveal.
Howden swoops for Cardiff-based broker WPS
Howden Insurance Brokers has made inroads into the employee benefits space after securing a deal to buy broker Workplace Pension Solutions (WPS).
Markel's combined ratio tips up to 90%
Markel International's combined ratio tipped up to 90% for the first six months of 2013, compared to 86% for the same period of 2012.
Towergate bondholder report puts net borrowing at £896m
Towergate's quarterly report for bondholders has revealed a loss on ordinary activities of £11.39m for the second quarter of 2013.
Lark completes first "significant acquisition" since Groupama MBO
Lark Group has completed its first "significant acquisition" since its management buyout (MBO) from Groupama with the capture of Surrey-based HMT Insurance Brokers.
Towergate confirms capture of Ellis Bates and crane hire business
Towergate Insurance has confirmed the acquisitions of Ellis Bates Insurance Brokers and the crane hire insurance business of Senior Wright Insurance Services.
Alan Boswell Insurance Advisers moves to new Peterborough HQ
Newly-rebranded Alan Boswell Insurance Advisers has moved to a new office in Peterborough.
Profits and revenues rise at Gallaghers
Arthur J Gallagher has reported a group increase in profits to $93.5m [£61.4m] for the second quarter of 2013, from $71.7m in the same period of 2012.
AmTrust strikes £56m deal for Sagicor
AmTrust Financial Services is to buy Sagicor Europe (SEL) and Sagicor at Lloyd's for £56m.
Gallaghers wins race for Giles
Arthur J Gallagher has won the race for Giles, Insurance Age understands.
Markerstudy makes preliminary £123m bid for Brightside
Markerstudy has made a preliminary approach to buy Brightside Group for £123m at 27p a share.
County expects £6m premium leap to £35m after JSW capture
County Group has bought Newcastle-under-Lyme-based commercial broker JSW Insurance.
Raft of senior changes at Willis-acquired Prime Professions
A raft of directorial changes has taken place at Willis' recently-acquired professional indemnity specialist Prime Professions.
Ageas' CEO Andy Watson on taking over from Barry Smith
Ageas CEO Andy Watson has admitted that taking on his current role from predecessor Barry Smith was “a bit of an Alex Ferguson moment”.
CCV confirms hat-trick of broker buys
Towergate-owned CCV has acquired three insurance brokers across the UK.
Direct Group expansion plans underway with 200 new roles created
Direct Group is set to create 200 jobs following a relocation of its head office.
Towergate poised to buy Grant Ellis-owned broker
Towergate is poised to buy Harrogate-based Ellis Bates Insurance Brokers, Insurance Age can reveal.
Barbican buys broker Seacurus
Barbican Group has bought UK-based specialist marine insurance broker Seacurus for an undisclosed sum.
S-Tech expands PI offering with broker buy
S-Tech Insurance Services has acquired professional indemnity (PI) specialist broker Scott Taylor Associates (STA).