Mergers & acquisitions (M&A)
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.
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.