Mergers & acquisitions (M&A)
Glasgow’s Blackford buys customer book worth £3m from TL Dallas Edinburgh
Broker opens a new office in Fountainbridge, Edinburgh, to accommodate its expansion, led by former Central-man, Tom Aldridge.
Gallagher completes acquisition of JLT’s aerospace operations
Purchase will mean JLT's 250-person global aerospace team will be transferred to Gallagher.
Tasker Insurance to drop Hobbs brand in future
Firm completes acquisition to work on its expertise in specialty markets.
Tasker completes second deal of 2019
The business bought Hobbs Broking, a Leicestershire-based firm, specialises in the life sciences and technology sectors.
Brokers to benefit from L&G deal, says Allianz's Dye
The UK CEO says brokers will remain Allianz's biggest distribution channel after the deal has been completed, as it also buys the remaining stake of LV with the intention of combining the two entities.
Allianz to buy remaining stake of LVGI for £365m
The insurer will fully own the LVGI business and has spent approximately £1.08bn on it since 2017.
Allianz UK buys L&G's GI division for £242m
Provider to combine the business with LV following the completion of the deal.
A-Plan confirms south west deals
The personal lines broker bought Westward Counties and Acer and has assimilated their books of business into its own local branches as it eyes pipeline of buys.
Primary Group-owned RCH Group buys MGA incubator and insurer
CEO believes the purchase will offer the independent broker access to a broader variation of products.
In Person: Simon Cooter and Carolyn Callan, Covéa
On the 1st May Simon Cooter effectively handed over the commercial and high net worth director baton at Covea to Carolyn Callan and became in his words ‘minister without portfolio’. At last week’s British Insurance Brokers’ Association Conference…
Blanc expects Goldman Sachs to invest in Aston Lark for 'at least five years'
Hastings relationship key to the deal.
Aston Lark on cusp of £320m Goldman Sachs investment
The long-rumoured deal is believed to be set to conclude in the next few days.
Specialist broker Acquis undertakes Dunedin-backed MBO
The move follows Dunedin’s 2016 investment in Kingsbridge.
GRP hub Higos buys The Insurance Group
Broker is Higos' fifth deal since becoming part of GRP in 2017.
Erskine Murray buys Houghton Insurance Bureau
Bedfordshire-based broker is the company's third deal in 18 months.
GRP hub Greens buys two South East brokers
Reid Briggs and Clifton Morley together bring a GWP of £9.2m to Greens.
GRP’s Cavendish Munro buys PI broker
Professional Insurance Agents is the first deal for Cavendish Munro since it was bought by Global Risk Partners in 2016.
Allianz in talks to buy L&G's GI business - report
Sky News says Allianz is frontrunner in race to buy the business after L&G put it up for sale late last year.
J M Glendinning buys Ridley Macmillan Insurance Brokers
MD Nick Houghton says broker is looking to make more acquisitions.
Soros-backed MGA incubator Vibe bought by Pro Global
The incubator was launched in 2017 by Vibe UK Holdings.
Arch buys Obelisk Underwriting
The business is to become part of the Arch UK Regional Division and follows its deal to buy Axiom Underwriting earlier this month.
Lorica's Stefan Puttnam exits one year after PIB acquisition
Firm has seen an number of employment changes as it works to merge the two brokers following PIB's acquisition of Lorica in March last year.
Quizzical questions: 12 April 2019
Test your knowledge of the week's news with our topical quiz.
Small number of redundancies following Ceta's Love Your Hut buy
Ceta CEO John Bibby has indicated he would be interested in finalising another deal before the end of the year.