Mergers & acquisitions (M&A)
Jensten’s Coversure targeting 10 more franchise offices in 2023
Jensten Group has bought Coversure Kidderminster for an undisclosed amount, following on from the purchases of Coversure offices in Nottingham and Stamford last year.
JMG Group buys two brokers
JMG Group has snapped up Southampton-based Knightsure Insurance Brokers and T I Alexander Insurance Brokers in Bo’ness in two separate deals.
GRP delivers on MGA appetite with Nucleus buy
Global Risk Partners has bought Nucleus Underwriting, its first managing general agent acquisition since being taken over by Brown & Brown last year.
Sutton Group profit and turnover soar in run-up to Acrisure sale
Sutton Group has reported ‘best ever’ figures as turnover and profit leapt by 15% and 50% respectively ahead of being snapped up by Acrisure.
Markerstudy confirms Tradex deal
Markerstudy has confirmed it is buying Tradex Insurance Services alongside snapping up Lloyd’s broker Clegg Gifford in a move that is expected to mark it stepping back into risk-carrying underwriting.
Jensten posts £21.5m loss as it reveals £35.1m Tasker price
Jensten has revealed that the deal for Tasker Insurance Group cost £35.1m with the majority of the bill – £33.6m – paid in cash.
Chambers and Newman reveals profit in Ardonagh sale year
Chambers and Newman has recorded a post-tax profit of £385,000 for the period including the sale to Ardonagh.
GRP buys Christopher Trigg Insurance Brokers
Global Risk Partners has bought Hedron Network member Christopher Trigg Insurance Brokers.
SRG starts 2023 with Fleet and Commercial buy
Specialist Risk Group has bought Oxfordshire-based specialist broker Fleet and Commercial in its first deal of the year.
Ataraxia and MVP rebrand as The Broker Investment Group
Peter Cullum-backed Ataraxia and Minority Venture Partners are rebranding to The Broker Investment Group, Insurance Age can reveal.
BMS sells 30% of group to Eurazeo
London broker BMS Group has sold a third of its business to investment company Eurazeo, subject to regulatory approvals.
Review of the Year 2022: Matt Pini, MD at Consilium
In the latest part of Insurance Age's review of the year Matt Pini, MD at Consilium offers his reflection on 2022 and predictions for the next 12 months
SRG spent £58.9m on buys in 2021
Specialist Risk Investments, which trades under the Specialist Risk Group brand, spent £58.91m on five acquisitions in 2021, a filing at Companies House has revealed.
Review of the Year 2022: Chris Sime, GRP group markets director
In the latest part of Insurance Age's review of the year GRP group markets director Chris Sime offers his reflection on 2022 and predictions for the next 12 months
Review of the Year 2022: Jon Walker, Axa Commercial CEO
In the first part of Insurance Age's review of the year Jon Walker, Axa Commercial CEO offers his reflections on 2022 and predictions for the next 12 months.
Aston Lark acquires N&G direct marine trade book
Aston Lark has bought Navigators and General's commercial direct marine trade book.
Jensten Group acquires second broker in a week
The Jensten Group has acquired commercial broker Basil Fry & Company, its second acquisition in a week.
UK broking M&A shrinking in 2022 as market becomes saturated
UK broking deals valued at £5m and above are set to reduce in 2022 as the number of available brokers for purchase shrinks.
QBE launches new financial lines product
QBE Europe has launched a new warranty and indemnity product due to increased mergers and acquisitions.
Opinion: Employee ownership - the pros and cons of different schemes
Co-founder and former director of Ten Insurance Services, James Sharp, shares his experience of three employee ownership schemes as the route becomes increasingly prominent in broking
Jensten Group snaps up UK motor broking specialist
Jensten Group has bought specialist broker Bellegrove, boosting its presence in UK motor trade and fleet insurance.
Romero Group makes first acquisition
Independent broker the Romero Group has made its first acquisition, purchasing the Sentient Group.
Stubben Edge buys Insurercore
Stubben Edge Group has bought tech enabled distribution platform Insurercore.
Xenia buys trade credit specialist Linda Scott Associates
Xenia Broking Group has signed up to buy the trade credit insurance business of Glasgow-based Linda Scott Associates in a deal expected to complete on 22 December.