Mergers & acquisitions (M&A)
Towergate appoints Ryan Brown as group M&A director
Towergate has appointed Ryan Brown from investment bank Keefe Bruyette & Woods as group mergers and acquisitions (M&A) director with an expected start date of early August.
Bluefin moves for Towergate man to drive acquisition strategy
Bluefin has snapped up former Towergate boss Paul Roberts as acquisitions director.
Giles holding company reports £39.5m loss as net debt grows
Expectrum Ltd, the holding company of Giles Insurance Brokers, has reported a £39.5m loss for 2012, compared with a £37.5m loss the previous year.
Barbon CEO Ramsey to depart
Barbon Insurance Group chief executive Mike Ramsey is leaving the company, sister title Postonline has reported.
Towergate bondholder report reveals increasing losses along with acquisition costs
Towergate’s first quarter bondholder report has revealed that losses on ordinary activities worsened to £18.6m in the first three months of 2013 from £14.7m at the start of 2012.
Former Towergate executive joins Ashgrove Insurance
One of the original founders of Towergate, Tony Proverbs, will join the board of Lancashire-based Ashgrove Insurance and holding company Northern Keep.
Markerstudy on verge of four broker buys
Markerstudy Group has signed four non-disclosure agreements (NDA) to buy brokers.
Towergate confirms North Lincolnshire broker captures
Towergate Insurance has swooped for two brokers in North Lincolnshire in a bid to expand its broking footprint in the region.
Alway praises “solid” Jelf performance
Jelf group chief executive Alex Alway has praised the broker's performance as “solid” in a challenging market.
Jelf confirms £15.5m deal for The Insurance Partnership
Jelf has continued its Northern expansion bid with the capture of The Insurance Partnership Services (TIP) for £12m.
Towergate-owned CCV wraps up Waveney Insurance Brokers deal
CCV has bought East Anglia-based Waveney Insurance Brokers, Insurance Age can reveal.
Quindell reports 900% revenue growth
Quindell Portfolio has reported revenues of £137.6m for 2012, over ten times the £13.7m revenue reported for 2011.
Bluefin back on acquisition trail with Bonsure capture
Bluefin Insurance Group has bought Dartford-based Bonsure Insurance Brokers and insisted it is "hungry for more deals", Insurance Age can reveal.
Arthur J Gallagher reveals Barbon Insurance Group capture
Arthur J Gallagher (AJG) has bought all the property and commercial businesses within Barbon Insurance Group (BIG) for an undisclosed amount.
Markel improves COR by 5%
Markel International has reported a combined operating ratio (COR) of 92% for the first quarter of 2013, compared with 97% in the same period of last year.
Towergate bondholder report reveals £11.6m PowerPlace loss
Towergate racked up an £11.6m loss on the sale of PowerPlace, its annual bondholder 2012 report has revealed.
Collinson buys Aria Assistance
The Collinson Group is to buy Aria Assistance as it looks to expand its portfolio of complementary businesses with the general insurance and financial services market.
Barnett & Barnett in name change following MBO
Barnett & Barnett has changed name following its management buyout (MBO) from IAG.
Clear Insurance buys Steveni Kessler book
Clear Insurance has bought the general insurance business of Edmonton-based Steveni Kessler for an undisclosed sum.
Aviva looking at Co-op purchase
Aviva is considering a bid for the general insurance business of Co-operative Group, according to The Sunday Times.
Das launches law firm following Bristol buy
Das UK Group has launched its own law firm, Das Law.
Bluefin's Sugden to join Sydney Packett
Sydney Packett & Sons has appointed Marshall Sugden as a director.
CCV makes double broker purchase
CCV acquired Morgan Brokers and its subsidiary M Wood Insurance Services, Insurance Age can reveal.
Sugden departs acquisitions role at Bluefin
Marshall Sugden has left the acquisitions leadership role at Bluefin Insurance, sister title Post has revealed.