Mergers & acquisitions (M&A)
More deals in pipeline for Markerstudy after £400m BGL Insurance buy
Group underwriting director Gary Humphreys tells Insurance Age about the MGA's biggest deal to date and its plans for the future as he confirms that an IPO "hasn’t been ruled out as possibility".
GRP's Alan & Thomas buys in Bournemouth
BIG Insurance is the broker's third deal since becoming GRP's southern hub.
Aston Lark makes first deal of 2022
Consolidator buys Mainstay Insurance, a commercial broker headquartered in Hove.
Markerstudy buys BGL Insurance
The transaction is expected to complete during the first half of 2022 and follows hot on the heels of Markerstudy's deal for Lloyd's broker Clegg Gifford.
Review of the year: Covéa's Sue Coffey
Coffey discusses how the industry has risen to the challenge and worked together to navigate a difficult period while preparing for "significant" changes in regulation.
Year in Review: Ross Barrington, Markerstudy
Ross Barrington, managing director of Markerstudy, stressed the importance of teamwork throughout the pandemic and talked about how the industry prepared for next year's pricing reforms.
Blog: Industry trends to look out for in 2022
Adrian Saunders, commercial director at Ecclesiastical Insurance, shares his predictions for the broker market in 2022.
Markerstudy Group buys family-owned Lloyd’s broker
The acquisition of Clegg Gifford will offer Markerstudy access to the Lloyd’s market, a step which it deems 'integral' to its expansion strategy.
Ardonagh to buy MDS Group
The deal furthers the broker’s plan to expand its worldwide reach after revealing fresh investment from the Abu Dhabi Investment Authority earlier this month.
The top five stories of 2021
Insurance Age lists the five news stories that have been most popular this year, including updates on the BI saga, Intact's RSA takeover and David Williams' exit from Axa after 41 years.
Reich targets £130m of GWP within three years
CEO Simon Taylor tells Insurance Age about his plans to grow the broker organically and highlights that Reich is not for sale despite being approached by potential buyers "all the time".
Humn acquires Walsingham Motor Insurance
The fleet provider says the deal will accelerate its distribution network with brokers.
Jensten sees turnover rise as it reveals deal spend for 2021
The business made four acquisitions during the year and also reports a loss of £13.6m.
Bought By Many buys pet health subscription business
The specialist pet insurtech says move is a “major step” in the extension of its offering beyond insurance.
Xenia reveals plans to triple in size within four years
CEO Tim Coles tells Insurance Age about his ambitious growth plans and shares his views on the trade credit insurance market.
PIB moves into the Dutch market
The consolidator has added Amsterdam-based Light Insurance to its international portfolio.
Sampo buys out Rand for Hastings
The £685m deal sees Sampo pay £1.85bn for 100% of the share capital.
Broking Success: A helping hand… or eight?
The Insurance Octopus director Helen Bush and Naz Keshavarzi, product and insurer relationship manager, tell Insurance Age all about how they make the business more accessible for the SME market and what the company’s journey has been like so far
Hubb buys insurtech provider Digital Fineprint
Broker says the deal will enable it to expediate the quotation process, provide a more bespoke service for its customers, and offer risk insight to quoting insurers.
Stubben Edge acquires Akoni Hub
The technology provider has said the new partnership will give brokers the tools to manage their cashflow better, develop products to market more quickly, and accelerate growth.
AssuredPartners acquires PSP Group
The broker highlighted that the deal was a step forward towards the expansion of its UK operation in the South West.
Aston Lark buys PMI book
The consolidator has added the client book of Choice Benefits to its portfolio.
Lycetts on track to triple profits in 2021
In an interview with Insurance Age, Lycetts boss Charles Foster speaks about the company’s growth strategy, changes in the agricultural sector, and plans for finding a new CEO.
Howden buys boutique broker, Ross Insurance Group
The business, based in Surbiton, specialises in financial and construction risks.