Mergers & acquisitions (M&A)
Willis swoops for PI specialist Prime Professions
Willis has bought professional indemnity (PI) specialist Prime Professions.
BP Marsh rules out Towergate swoop as it targets "anything that moves"
BP Marsh is targeting new investment opportunities to make use of the £29.2m generated from the sale of its 80% stake in Hyperion to General Atlantic.
Hyperion plans to go public as equity firm buys 30% stake
Equity firm General Atlantic has agreed to buy 30% of the shares in Hyperion Insurance Group, as the broking group prepares to float.
La Playa sets out acquisitions role for Mullee
Matthew Mullee, co-founder and formerly private client director at La Playa has been appointed director of growth and acquisition for the broker.
Lark Group sees improved results following Groupama MBO
Lark Group has reported an EBITDA of £5.6m for 2012, up 12% from the £5m reported in 2011.
Canopius Group to sell Bermuda operation for $217m
Canopius Group has agreed a price for the private sale of Canopius Holdings Bermuda Ltd.
Amlin swings back to profit and agrees $50m MGA deal
Amlin returned to the black after posting a pre-tax profit of £264.2m for 2012, a marked improvement on the £193.8m loss recorded for 2011.
Bluefin CEO "bullish" about acquisitions despite 2012 blank
Bluefin Insurance CEO Stuart Reid has insisted he is "bullish" about the broker's 2013 acquisition prospects despite drawing a blank last year.
Open GI buys PowerPlace
Open GI has confirmed the purchase of PowerPlace from parent company Towergate for an undisclosed sum.
Bluefin shrugs off Wentworth storm to post rising profit and EBITDA
Bluefin Insurance shrugged off the reported loss of business to broker Wentworth Alexander to record post-tax profit and EBITDA rises for 2012.
Brit reports improved profit and COR
Brit Insurance has reported an operating profit of £113.6m for 2012, up from £68.4m in 2011, in the first full-year results since it divested its UK business.
Chase Templeton adds £5m premium income with broker buy
Private medical insurance specialist intermediary Chase Templeton has purchased Hampshire-based broker UK Independent.
1 Answer Network buys BrokerDrive
1 Answer Network has boosted its "strength in numbers" after buying online broker network BrokerDrive.
Russell Scanlan buys Henson & Company
Russell Scanlan and associate company Russell Ulyatt have bought East Midlands-based Henson & Company.
Ex-Brit distribution chief to lead Gallagher's e-trading division
Arthur J Gallagher International has appointed Vivek Banga as director of e-trading.
Jelf boosts North West presence with broker buy
Jelf has acquired Howell Shone Insurance Brokers.
Stackhouse Poland completes £27m GWP LFC deal
Stackhouse Poland has completed the deal to buy LFC Insurance Brokers and its business Shield Underwriting.
AJG's 2012 broking profits jump by 11%
Arthur J Gallagher (AJG) saw its broking net profits jump 11% to $155.8m (£98.6m) for the 2012 full year, up from the $140.2m posted for 2011.
Towergate continues regional expansion with double broker purchase
Towergate Insurance has made two acquisitions in Leeds.
Speculation mounts over potential Paymentshield sale
Towergate has appointed an investment bank to lead the £400m sale of Paymentshield, according to the Sunday Times.
Revenues up at Hyperion as management mulls IPO
Hyperion Insurance Group has reported revenue of £110.6m for 2012, up 42% from the £87m reported in 2011.
Bryan James boosts equestrian book with Brightwells buy
Bryan James & Co has bought the insurance division of property management and auctioneer company Brightwells.
Gallagher eyeing up Barbon purchase
AJ Gallagher is closing in on buying Barbon Insurance Group, according to Post Magazine.
Aston Scott swoops for RSA subsidary Fyfe Group
Aston Scott has bought the brand and business of RSA subsidiary Fyfe Group.