Mergers & acquisitions (M&A)
Ardonagh strikes deal to sell Robus to Strategic Risk Solutions
Ardonagh has agreed to sell captive and insurance management group Robus to insurance company manager Strategic Risk Solutions.
Howden buys AHR Consultants
Howden has bought Rugby-based AHR Consultants, bolstering its risk management capabilities in the UK.
Interview: Carolyn Callan, Brown & Brown
Three months into the role at her “forever” home of Brown & Brown, Carolyn Callan explains her plans and priorities to Emmanuel Kenning.
NFP boosts London presence with Advanced Insurance Consultants buy
US-headquartered broking firm NFP has purchased London-based Advanced Insurance Consultants to develop its client base in the London and the wider South East areas.
Howden buys Scottish broker Laurie Ross
Howden has bought Glasgow-headquartered personal and commercial lines broker Laurie Ross.
French wholesaler buys motor specialist broker Lexham Insurance
April, a wholesale insurance broker in France and Europe, has bought two-wheeler insurance specialist Lexham Insurance.
The American consolidators are not done yet
Recent years have been notable for the amount of consolidation led by US-based insurance brokers. Ida Axling looks at whether these players are likely to continue doing deals at the same rate and what is driving these buying sprees.
Jensten deal spend tops £70m as losses widen
Jensten’s post-tax losses worsened to £32.8m in the year ended 31 March 2023, from £21.5m the year before.
Tony Buss to lead merged Arag and Das UK business as deal completes
Arag Group has announced that its UK boss, Tony Buss, pictured, will lead the new enlarged legal expenses business, having completed the acquisition of Das UK from German insurance group ERG Versicherung AG.
Daulby Read owner Deva pushes into West Midlands with Gomm merger
North West based Deva Risk Group has expanded its reach into the West Midlands by merging with Gomm Insurance Brokers.
Buying or selling an intermediary: Lessons from the front line part 1 – finance and regulation
In the first of a three-part series on broker M&A, Will Lanyon, partner in PFK Littlejohn’s transaction advisory team, examines the financial and regulatory issues broker leadership teams should consider during acquisitions.
AssuredPartners’ Borland buys Gibson Hawick
Borland Insurance has bought fellow Scottish broker Gibson Hawick.
Adler Fairways makes string of purchases
Adler Fairways has completed two purchases this month through the acquisitions of ACM Broking and Primassure, taking the total in the past 12 months up to five.
Romero boosted turnover and growth by more than 20% in run up to sale
Romero Insurance Brokers achieved a 31% rise in post-tax profits to £5.04m ahead of being snapped up by AssuredPartners.
The Broker Investment Group strikes first deal of 2024
The Broker Investment Group has taken its shareholding in Bedford-based £12m gross written premium broker Bullerwell Insurance to 100% in its first deal of 2024.
Circle grows turnover, profits and headcount
Post tax profits at Circle 1991, the holding company for Circle Insurance Services, rose by nearly 20% in the year ended 30 April 2023 as turnover and headcount also grew.
Ardonagh kicks off 2024 with HNW deal
Ardonagh Advisory has bought private clients specialist distribution business Hoxton Risk Services in its first deal of the year, Insurance Age can reveal.
JMG adds £100m of deal firepower
JMG Group has raised an additional £100m of committed acquisition facilities from existing lender, Ares Management, Insurance Age can reveal.
Reich posts flat turnover and lower profits as sale costs bite
Reich Insurance Brokers grew turnover by a ‘marginal’ 1% to £14.82m in the year of its sale to Howden.
Travelers completes Corvus buy
The purchase of cyber specialist managing general underwriter Corvus Insurance went through on 2 January, Travelers has confirmed.
Momentum AR Malago buys fellow firm Mulberry
Bristol-based Malago Insurance brokers has bought Mulberry Insurance Brokers, following the retirement of its principal Keith Johnson.
Partners& deal prices revealed
Partners& paid out £15.2m for five purchases made in the year ended 31 March 2023, a filing at Companies House has revealed.
Review of the Year 2023: Markerstudy’s Gary Humphreys
Markerstudy group chief underwriting officer Gary Humphreys bigs-up the acquisition of Atlanta Group, and admits he did not anticipate Adam Winslow swapping Aviva for Direct Line Group.
Review of the Year 2023: Macbeth’s Paul Macbeth
Macbeth Insurance Brokers CEO Paul Macbeth hails its success at the Hedron Networks awards and admits to being surprised – as much as you can be these days – by Romero’s acquisition.