Mergers & acquisitions (M&A)
Clear buys Brokerbility
The deal includes BHIB and brings Clear’s GWP up to £200m.
TowerBrook and Warburg Pincus team up to progress AA takeover talks
Centerbridge and Platinum Equity have pulled out of discussions "by mutual agreement" as AA continues to explore options including an equity raise.
Shuker and Howden lift lid on A-Plan deal
The sale of A-Plan to Howden is believed to be valued at up to £700m.
Howden buys A-Plan to create £4bn GWP broker
Carl Shuker will continue to lead the personal lines specialist.
Blog: Has the pandemic strengthened the case for brokers to seek PE deals?
Partnering with private equity may help brokers succeed during what looks set to be a complex, challenging, but potentially rewarding period, argues Andrew Backen, partner, Equistone Partners Europe.
GRP makes first Irish deal
Consolidator makes Dublin-based Crotty Insurance Brokers its Irish hub as it announces plans to make further deals in the Republic of Ireland.
CMA: Ardonagh’s Bennetts buy raises competition concerns
Government body says Ardonagh and Bennetts have five working days to address the CMA’s concerns, after it found that the merged company would face “only little competition” from other much smaller motorcycle insurance specialists.
Aston Lark focuses on London Market
Peter Blanc says London Market is priority for the broker and reveals MGA/underwriting hopes as the business buys Lloyd’s broker Brunel Professions.
Deadline extended for AA takeover talks
The three potential buyers have an additional four weeks to make a bid for the AA as the motor specialist says discussions are progressing.
Shareholders approve $30bn Aon/WTW deal
The agreement was originally announced in March this year and will see the creation of the world’s largest broker.
Abbey Autoline hits acquisition trail after rebrand
MD Julie Gibbons discusses the broker's rebrand, acquisition plans, opening up after lockdown and how the business has ended up with a female majority in management roles.
Bollington has five deals in the pipeline as it gears up for growth
Group CEO Paul Moors chats to Insurance Age about the broker’s Watson Laurie deal, future growth plans and cutting ties with Gefion.
Ethos Broking makes first deal since takeover by Ardonagh
Guy Penn & Co becomes the latest Ethos regional broking powerhouse.
Nexus unites trade credit broking teams under Xenia brand
The business bought trade credit brokers Credit and Business Finance in March 2019 and Credit Risk Solutions in October 2017.
Ardonagh buys Thames Underwriting
The MGA, which specialises in the construction, leisure and commercial sectors, brings £20m of GWP to Ardonagh and will operate within Geo Specialty Group.
GRP reveals management changes
Stuart Grieb joins the consolidator as regional managing director for the South, while Chris Haggart moves to take on wider responsibilities across GRP's retail division.
County makes second deal in a week
The GRP-owned business has purchased Cheshire-based Britannia Consultants Services.
ISS and Glass Lewis urge shareholders to vote in favour of Aon/WTW deal
Both Aon and WTW are holding extraordinary general meetings for shareholders on 26 August.
Lycetts returns to profit in 2019
Broker reveals it recently undertook a strategic restructure, creating a single insurance division, and completed a deal for broker Robertson-McIsaac.
GRP-owned County buys CJN Insurance Services
Broker states it has a number of deals in due diligence and expects to add to its portfolio soon.
CMA orders Ardonagh to keep Bennetts separate as deal completes
Ardonagh’s £26m purchase of the motorcycle specialist approved by the FCA, but the ongoing CMA inquiry looking at how the transaction impacts competition in the market continues.
Aston Lark consolidates Lloyd's presence with broker buy
The firm has purchased Incepta for an undisclosed sum.
Abbey and Autoline to merge into single brand
Northern Irish brokers to begin trading as AbbeyAutoline from 1 September
Bennett Christmas buys Sennet Insurance Services
Bennett Christmas is part of the Ethos broker stable and adds the professional indemnity specialist to its portfolio.