Mergers & acquisitions (M&A)
Erskine Murray joins PIB stable
All employees of the Leicester-headquartered broker will remain with the business following completion of PIB’s largest deal to date.
PIB makes 32nd deal
PIB Group has bought London-based real-estate insurance specialists, Arlington Insurance Services for an undisclosed sum.
Aston Lark buys Birmingham broker
Group CEO Peter Blanc says the business has a number of more deals in diligence after seeing an uptick in enquiries as a result of the pandemic.
Aston Lark posts growth in turnover and Ebitda in 2019
The group now employs over 900 people in 30 offices across the UK and Ireland, placing £440m of gross written premium.
GRP’s Marshall Wooldridge buys Yorkshire broker
Messrs R F Broadley is based in Masham and specialises in agriculture.
Clear Group 2019 results highlight growth
The business saw improvement across all metrics in the year it bought Morrison Insurance Solutions.
GRP creates investment director role
David Cunningham has joined the broker from Close Brothers Premium Finance.
CFC develops M&A IP product
The cover protects buyers from intellectual property infringement during the deal process.
Ageas UK sells stake in Tesco Underwriting for £125m
CEO Ant Middle says now is the "right time" for Ageas to hand over its stake in the car and home insurance provider to Tesco Bank as it focuses on developing broker distribution.
Bollington reports profit and turnover surge
Turnover shot up to £23.6m in for the year ending 31 December 2019 from £14.4m the previous year and the broker flags £24m bank loan for deals.
Verlingue UK reveals financial results for 2019
ICB Group and Finch Insurance Brokers and Employee Benefits merged and rebranded as Verlingue at the start of this year.
A-Plan makes first deal as part of Howden stable
The broker is to buy Ingenie from Watchstone Group as it moves forward with plan to develop its technological capability.
GRP-owned Birrell Group buys again
The broker, which trades as Kingsway, has purchased Home Counties Insurance Services, following on from its deal for Managed Risk Solutions earlier this week.
A-Plan deal sees Howden become "new force" in regional broker space
What next for Howden following the investment from HG and its buy of A-Plan? Insurance Age talks to key experts.
GRP-hub Birrell Group buys commercial broker
Birrell, which trades as Kingsway, became part of GRP in January this year.
Manchester Underwriting buys MGA Pinpoint renewal rights
The Pinpoint underwriting team will move across to MUM with immediate effect.
Ardonagh buys Lloyd Latchford
Motor broker will be brought into the Atlanta Group, joining Autonet, Carole Nash and Swinton.
Broker Littlenlarge bought by Verastar
The SME service provider, which also owns The Insurance Octopus, has purchased the commercial property specialist for an undisclosed sum.
SEIB buys Colchester-based WRS Insurance Brokers
WRS specialises in the social welfare sector and provides cover for charities, churches and care and community groups.
HG invests in Howden-owner Hyperion
The deal places an enterprise value of $5bn on Hyperion and provides it with $1.5bn to acquire and invest in data and technology.
CMA forces Ardonagh to u-turn on £26m Bennetts buy
Ardonagh has proposed to reverse the deal and divest of the motor broker following the threat of an “expensive and burdensome” phase two competition probe.
Ardonagh reports adjusted Ebitda of £99.9m
The Towergate and Atlanta parent published results for the first six months of 2020 and reveals prices for Arachas and Bravo Group.
Howden acquires again to bolster position in PI market
Howden has reached agreement to acquire St Giles Legal & Professional Risks a professional indemnity insurance broker specialising in the UK solicitor sector.
Clear CEO reveals next steps after "brilliant" Brokerbility deal
Howard Lickens discusses plans for the Brokerbility Network following the transaction, which also increases Clear's regional presence, particularly in the Midlands.