Mergers & acquisitions (M&A)
Marsh spent $98m integrating JLT last quarter
The $5.6bn deal completed on 1 April this year as the business flags a flat EMEA performance.
Aston Lark results out amid transformational year
Profit increased for the firm in first full year results since Aston Scott and Lark merged as the business commits to more deals with comparative analysis showing turnover of £57.4m.
Ex-Ardonagh deputy CEO Janice Deakin: "I need a break from big deals"
Former Ardonagh deputy CEO Janice Deakin has stepped back at the consolidator and vowed that she needs a ‘break’ from big deals having worked on the acquisition of Swinton, but added the idea of acting as a non-executive director at another firm…
Mason Owen buys Business Insurance Services
Liverpool-based company says the broker is its first deal in the insurance sector.
GRP buys Lancashire-based 3XD
Broker specialises in household, landlord and learner driver insurance and all staff will remain with the business.
Acquis backers Dunedin to pursue more insurance deals
Partner Oliver Bevan discusses the private equity firm’s plans for the insurance sector following its investments in Acquis and Kingsbridge
Hedge fund takes stake in Saga
Elliot has invested in the insurance and travel provider.
US-firm AssuredPartners buys Hettle Andrews
The move highlights the American company’s intention to develop its operations in the UK.
Markerstudy buys Smart Driver Club Insurance
Telematics broker to be part of Markerstudy's retail and affinity division.
Saffron buys Bridge Insurance Services
Deal is the broker's fourth since being bought by Broker Network, now Ethos, in January 2018.
Seventeen Group buys WPS
Plymouth-based WPS will retain its leadership team following the sale.
Acturis buys Zycomp Systems in Canada
Move follows the software house's expansion into the German market.
Mike Bruce: GRP's acquisition strategy not about putting flags in the map
Group MD discusses future deals and explains why the consolidator does not see Brexit as a reason to expand outside of the UK.
Acturis reveals profit jump in 2018
Software house set to pursue more deals as document reveals it paid £3.5m for Surrey-based ICE InsureTech in November 2017.
GRP’s County Group purchases Eric Rawlins & Company
County's second deal in a month brings its GWP to over £100m.
Seventeen Group buys Graybrook Insurance
Specialist medical malpractice and professional indemnity broker to be integrated with James Hallam, as Seventeen group secures new funding partner.
PIB's £50m spending on brokers in 2018 revealed
Consolidator's losses increased in 2018, but turnover jumped to £106.8m as it is set to continue its buying spree after £200m debt refinancing.
Three directors out as Policy Expert buys loss-making Sure Thing!
Adam Powell takes over as CEO as Sure Thing!’s Brendan Devine, Stevie Sutherland and Kevin Kiernan exit the business.
GRP-owned Sagars buys Thomas Cook
Deal is broker's first since it became part of GRP last year.
Broker Network owner set to make more deals with fresh funding
Bravo Group to agree loan worth £80m earmarked for acquisitions from major bank, as the business reports growing revenues for 2018.
PIB completes £200m debt refinancing
Exclusive: CFO Ryan Brown says company is set to make more deals in the UK and Europe with fresh backing from a number of lenders.
"Business as usual" for Allianz, LV and L&G following deals
Allianz UK CEO Jon Dye says there are no redundancy plans following the insurer's purchase of L&G GI, with the process of moving business from L&G into LV expected to take around two years.
PIB to keep the Cobra brand
PIB CEO Brendan McManus unveils his plans for Cobra, while Cobra boss Steve Burrows discusses the sale process, competition and feedback from network members.
Quizzical questions: 7 June 2019
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