Mergers & acquisitions (M&A)
PIB buys Croydon-based BK Insurance Brokers
The broker is PIB's 26th deal and operates in the property, corporate, private clients and SME sectors.
Bennetts deal to cost Ardonagh £26m
Motorcycle broker will join Autonet, Carole Nash and Swinton as part of Atlanta.
Ardonagh signs on to buy Bennetts from Saga
Ardonagh’s Atlanta division has exchanged contracts to purchase the motorcycle specialist broker.
Bollington Wilson buys trade credit specialist
Deal follows its purchase of Ashgrove Insurance Services last month.
Clear Group acquires rights of light specialist
Lights & Legal managing director Dean Perkin will stay with the firm.
Consolidators behind half of broker deals in 2019
Exclusive: Research from Mazars shows 83% of brokers feel that the current levels of consolidation are sustainable.
David Ross, CEO of Ardonagh Group - Taking on the world
Profile: David Ross, Ardonagh CEO, tells Insurance Age why he’s a lucky man and reveals his hopes for the group as he puts the challenges of the past five years behind him
Marsh's network merger will give brokers more options, claims network boss
David Hopwood promises the business "won't ignore" members' reasons for joining a particular network.
GRP retains hub focus following Searchlight deal
The investment will help GRP continue to buy UK brokers according to newly promoted Mike Bruce.
Searchlight Capital Partners takes majority stake in GRP
The deal sees founders Peter Cullum and David Margrett retain a minority stake in the company alongside Penta Capital.
JLT costs reach $6.8bn at Marsh
Financial results also show that revenue grew 10.2% at Marsh in 2019.
RFIB CEO exits ahead of Tysers integration
The decision is effective immediately and a management committee has been formed to lead the business in the interim.
Gallagher revenues continue to rise in 2019
Profit for the broking segment grew by 25%.
The Blog Spot: To merge or not to merge?
Ida Axling predicts further changes on the networks scene after Marsh Commercial combines its three propositions.
Ardonagh eyes international growth
David Ross reveals expansion hopes and confirms more M&A targets in the UK.
Three become one as Marsh Commercial restructures networks business
Marsh ProBroker, Bluefin Network and Purple Partnership to become single networks proposition led by David Hopwood as Marsh Commercial seeks to align more closely with Marsh.
H&R Insurance Services buys APL Insurance Services
The deal was for an undisclosed sum and concluded at the end of 2019.
Aston Lark buys Isca Barum in first deal of 2020
Smallholding and farm insurance specialist brings £5m of GWP and 20 staff to Aston Lark.
CFC buys InsurTech start-up ThreatInformer
MGA says ThreatInformer's data enrichment technology will help it improve key activities in the underwriting process.
Searchlight believed to be final party in discussions with GRP – reports
GRP has been exploring sale and reinvestment options since last summer.
Zurich-owned N&G buys marine trade book from NMU
The book of business will be transferred to N&G at renewal and NMU marine trade underwriters will move across as part of the deal.
Hyperion reveals £300m spending pot and multiple deal wish list
CEO David Howden says revenue and GWP increases for 2019 were driven by organic growth as the broker reveals it is looking at 20 acquisition targets.
Banks-owned Somerset Bridge to sell Business Choice Direct
Group had held a 51% stake in Business Choice Direct since it was spun out in 2016.
Bruce Stevenson commits to independence amid M&A interest
CEO Edward Bruce said consolidator interest in the Scottish broker was increasing as it posted ‘record’ turnover for 2019.