Mergers & acquisitions (M&A)
Daulby Read adds agricultural specialist
The move takes the Bravo Networks broker's GWP up to £7m.
News analysis: Consolidators put up 'for sale' signs
Following Howden’s acquisition of Aston Lark, Insurance Age reached out to M&A advisers and brokers to get some insight into the future for the current crop of consolidators.
Ripe Thinking gains backing from Aquiline
The New York private investment firm takes a majority stake in the personal lines specialist.
Ardonagh completes BGC deal
First announced in May, the deal was sealed for a cash consideration of $500m (£354m).
Matson flags 9% organic growth at Gallagher
Q3 figures for the global business show brokerage revenue of $1.5bn.
Aston Lark buys Bainbridge Collins in Birmingham
Consolidator says latest deal will enhance its mid-corporate capability in the West Midlands.
NFP buys Wolverhampton broker
The US-based company adds Top 100 business KGJ Insurance Services Group to its stable at it continues its expansion in the UK.
Occam buys Beech Underwriting
Beech Underwriting is a specialist in terrorism insurance.
New JM Glendinning MD reveals "ambitious but achievable" growth plans
Jake Fox discusses his plans for JM Glendinning after taking over the MD role from Nick Houghton, who became CEO of the JMG Group following its MBO last year.
Thomas Carroll buys Cardigan broker
Delwyn Griffiths has joined the independent insurance broker.
PIB expands into Spain
Consolidator buys Cicor in its first acquisition in the Spanish market as it continues its European expansion.
GRP takes stake in Hedron member
All Med Pro is GRP's first minority investment with a network member.
Aston Lark buys Absolute Products in 24th deal of the year
Latest acquisition comes after it was announced that Howden is to buy the consolidator, creating a £6bn GWP giant.
Seventeen Group expects further growth in 2022
CEO Paul Anscombe flags how M&A and organic growth are helping the business expand despite the £670,000 cost of Covid.
iRevolution buys BG Insurance
CEO Mark Rigby has said the acquisition of BG Insurance would give the business further expertise in other areas of the non-standard motor market.
Blanc aims to double Aston Lark business for Howden
Peter Blanc details opportunities for Aston Lark now it is off the private equity “rollercoaster” and part of another employee-owned broker.
Radius Insurance Solutions buys Milestone
Radius already owns Burley Group and has added the broker/underwriter to its book.
Clear Group announces management developments
The business has made a number of promotions across the business including BHIB and Brokerbility.
Howden buys Aston Lark
The deal is Howden’s largest acquisition to date and creates a £6bn GWP UK business in “deal a decade in the making”.
Bollington reveals final set of financial results before Gallagher takeover
The broker, which was bought by Gallagher earlier this year, reports increases in turnover and profit for 2020.
JM Glendinning names new MD for its eight broking businesses
Jake Fox succeeds Nick Houghton, who became CEO of the group after its management buyout last year.
A-Plan makes first deal in Wales
Watkin Davies brings £10m in GWP to A-Plan as the broker looks to grow further in commercial lines.
Complete Cover Group’s profits dip amid transformation
Profits slip but income is steady and operating profit almost doubles as report flags the business’s £50m Abacai launch and acquisition of broker Dayinsure.
CMA launches investigation into Gallagher-Willis Re deal
The competition watchdog says it is considering whether the transaction could result in a lessening of competition in the UK.