Mergers & acquisitions (M&A)
CPP sells Alpha Underwriting six months after buying it
Just Travel Cover, a leisure travel insurance specialist and insurance product and service provider, has bought the travel insurance and scheme specialist business Alpha Underwriting from CPP Secure.
Have you got what it takes to be part of Insurance Age's Future Force 2022?
Today Insurance Age launches a new project that seeks to highlight the up-and-coming brokers with annual gross written premium of under £30m that we believe will shape the future of the independent intermediary sector over the next decade.
Thomas Carroll grows profit and revenue in 2021
Thomas Carroll achieved turnover of £12.9m for the full year 2021, an uptick of 10.6% on the £11.7m in reported in 2020.
Lorega finds “natural home” at Ardonagh
Lorega will go to the “next level” under Ardonagh’s ownership, former leader and current CEO of Vizion Insurance Brokers John Sims has predicted.
Brown & Brown completes GRP takeover
US-headquartered Brown & Brown has completed the takeover of consolidator Global Risk Partners.
Staysure-owned Rock Insurance extends Axa Partners deal
Rock Insurance has developed its relationship with Axa Partners with a multi-million pound deal which will see the insurer underwrite a range of travel products.
Ardonagh buys Lorega
Ardonagh’s managing general agent segment Geo Underwriting has bought loss recovery insurance MGA and assistance specialist Lorega, Insurance Age can reveal.
Jensten Group renames and combines London Market proposition
Jensten Group has rebranded its London Market businesses which include Lloyd’s broker Senior Wright, and Lloyd’s and wholesale broker Tasker & Partners, as Jensten London Markets.
Erimus lifts lid on Gallagher deal
Managing director Lee Elgie said Erimus had not planned to sell the business ahead of its deal with Gallagher which was announced earlier this week.
PIB buys beauty specialist Balens
PIB has added Worcestershire-based broker Balens to its portfolio adding health, wellbeing, fitness and beauty insurance to its list of specialisms.
Primary Group appoints advisors for possible £1bn QMetric sale – report
Primary Group has taken on Perella Weinberg Partners to explore a potential £1bn sale of Policy Expert’s parent company QMetric, Bloomberg has reported.
Gallagher acquires Erimus Group
Gallagher has added to its branch network with its buy of Erimus Group for an undisclosed sum.
Acrisure targets SME brokers in M&A drive
Acrisure is set to target SME brokers in the UK and Ireland, following its Russell Scanlan buy, as it moves forward with its M&A strategy according to president, Mark McIlquham
Innovu to rebrand as Gallagher
Gallagher will rebrand Innovu and build the broker organically and through M&A into a top three player in Ireland, Michael Rea, CEO of Gallagher’s retail division, UK & Ireland has set out.
Goldman Sachs buys into Clear as ECI exits
The private equity business within Goldman Sachs Asset Management has signed up to buy a stake in Clear Group, the broker has confirmed.
GRP expands in Wales with Prescott Jones buy
Global Risk Partners has bought Swansea-based Prescott Jones for an undisclosed sum.
Gallagher buys Innovu as “launch-pad” into Ireland
Gallagher has expanded into Ireland buying Innovu Insurance for an undisclosed amount.
Amicus hits £22m in GWP and sets sights on M&A
Amicus CEO, Adam Scott, has told Insurance Age that the broker is looking to do deals as it aims to become the largest construction waste broker in the UK, following last year's MBO which was supported by Shawbrook Bank.
Acrisure plants flag in UK with Russell Scanlan buy
US-based Acrisure has moved further into the UK market and bought Nottinghamshire-based Russell Scanlan for an undisclosed sum.
Jensten expects to reach £500m GWP goal by the end of the year
Jensten Group is set to beat the deadline it set itself to reach £500m GWP according to retail managing director, Robert Organ.
ProAktive buy part of national expansion, says Clear boss Lickens
Buying ProAktive is Clear Group’s gateway to the North and part of the plan to expand across the country, executive chairman Howard Lickens has confirmed.
Clear buys ProAktive
Clear Group has bought Yorkshire-based chartered broker and risk management business ProAktive, Insurance Age can reveal.
Jukes buys North Warwick Insurance Services
Bromsgrove-based Jukes Insurance Brokers has expanded its reach across the Midlands with its purchase of North Warwick Insurance Services.
Revenue spikes 14% at SEIB in 2021
SEIB Insurance Brokers has reported increases in revenue, operating profit and profit before tax for 2021.