Mergers & acquisitions (M&A)
Open GI shareholder looking at sale options – report
Open GI’s majority shareholder is targeting a sale of the business in the second quarter of 2023, according to Reuters.
Saga’s exclusive Acromas sale talks collapse
Talks between Saga and Australian insurtech Open Insurance Technologies to sell underwriting business Acromas Insurance have ended without a deal, the over-50s specialist has confirmed.
Howden to become broking powerhouse in the North after Reich buy
Reich will add bolt-on acquisitions, becoming the Northern hub for Howden’s expansion into the region, according to Aston Lark CEO Peter Blanc.
Howden confirms Reich takeover
Howden has confirmed Insurance Age’s exclusive story that it has bought Reich Insurance Group.
Clear snaps up IFM Insurance Brokers
Clear Group has acquired Sheffield-based broker IFM Insurance Brokers.
Howden buys Reich
Howden has bought Reich Group for an undisclosed sum, Insurance Age can reveal.
Jensten Group snaps up schemes broker Darwin Clayton
Jensten Group has bought schemes broker Darwin Clayton for an undisclosed amount.
UK leads on insurer M&A while MGA market ‘buoyant’
The UK led the way on carrier mergers and acquisitions in Europe during 2022, as the overall region saw 127 deals – a 1.6% year-on-year rise.
Amb Insurance Services doubles with Mercer Jones & Company buy
Newcastle-under-Lyme-based Amb Insurance Services has snapped up Stoke on Trent-based Mercer Jones & Company taking its gross written premium up to £6m.
The Broker Investment Group supports first broker acquisition since rebrand
The Broker Investment Group-backed Beam Insurance has snapped up a medical insurance broker, and has plans to ramp up acquisitions.
Tysers exceeding expectations and forecasts, says AUB Group
Tysers delivered AU$18m (£10.16m) of pre-tax profit to AUB Group in the final three months of 2022, its new parent company has confirmed.
Tysers sells bloodstock broking team and MGA Galileo to Howden
Tysers has revealed the sale of its bloodstock broking team and bloodstock managing agent, Galileo, to the “perfect new home” of Howden.
Premier Choice Healthcare buys Visibly Health and further PMI portfolio
Global Risk Partners-owned Premier Choice Healthcare has bought Visibly Health and, separately, a book of business controlled by self-employed consultant Gill Nicholson.
Two deals in a week as GRP buys Henshalls
Global Risk Partners has ramped up its acquisition spree again, buying Shropshire-headquartered Henshalls Insurance Brokers for an undisclosed sum.
FCA signs off on PIB's £24m Jigsaw buy
The Financial Conduct Authority has approved PIB buying Jigsaw Insurance Services Plc, as the consolidator eyes a significant push into the personal lines market.
Hamilton Fraser makes first buy under GRP ownership
Hamilton Fraser has bought London-based commercial lines broker Edmondsons.
Movo sets £90m target after beating 2022 goal
Movo Partnership grew from 52 appointed representative broker members and £40m of gross written premium in 2021 to 66 members and £68m GWP by the end of 2022.
DR&P buys Lloyd Bolam
DR&P Group has bought Macclesfield-based Lloyd Bolam Insurance Brokers for an undisclosed sum.
Saga in 'exclusive' sale talks with insurtech over Acromas underwriting arm
Over-50s specialist Saga has confirmed that it is in exclusive discussions with Australian insurtech Open to sell its insurance arm Acromas.
Aston Lark strikes deal to buy Allegiance Insure
Howden-owned Aston Lark has agreed terms to buy Allegiance Insure in its first acquisition of 2023.
Opinion: Preparing for sale or acquisition – what brokers need to know to seal the deal
Death, taxes and broker M&A are among the few certainties in life. Here, Rachel Owen, corporate law partner at MLP Law, outlines her top tips to help ensure that any transaction goes smoothly.
Interview: Warren Dickson, Aston Lark
Aston Lark UK retail managing director Warren Dickson says the broker is a different period of expansion with office openings ahead. Navigating the struggling UK economy is also a challenge, but one he is up for.
PIB buys ABI in Italy
PIB Group has moved into the Italian market with its latest buy, expanding its portfolio, which already included offerings in Ireland, Germany, Poland, Spain and the Netherlands.
Stubben Edge raises £5.6m as business valued at £175m
Stubben Edge Group has secured a further £5.6m in investment taking its total raised to over £20m.