Mergers & acquisitions (M&A)
Quizzical questions: 21 September 2018
Test your knowledge of the week's news with our topical quiz.
MMC confirms up to 3,750 jobs in danger from JLT takeover
MMC expects a headcount reduction of 2-5% of its total workforce.
MMC boss Dan Glaser lifts the lid on the 11 day JLT deal
The combined group has $17bn of revenue and 75,000 staff.
Brokers see opportunity in MMC’s JLT takeover
Experts question the value of the deal.
Marsh & McLennan buys JLT in $5.6bn deal
Deal expected to close in spring 2019.
Broking Break - Your Top Five
Deals, management exits and FCA guidance were among the top five most clicked on stories by brokers this week.
Dixons completes MBO backed by Ataraxia
Deal puts succession plan in place at the broker, while Ataraxia takes minority stake in the business.
Quizzical questions: 14 September 2018
Test your knowledge of the week's news with our topical quiz.
GRP buys U-Sure
Tenth deal this year for consolidator and 34th in total.
China Re buys Chaucer Group for $950m
Previous owner Hanover appointed Goldman Sachs earlier this year to explore options.
PIB backers in $6.7bn Sedgwick deal
The Carlyle Group becomes majority investor in claims firm.
Ataraxia backs Thompson & Co's MBO
Investor takes minority stake in the business as it completes its third deal since May.
Axa to complete $15bn XL takeover tomorrow
Deal has received regulatory approval.
Livingbridge buys into Equipsme
Healthcare MGA secures £2m of funding.
Nexus snaps up Altitude Risk Partners
Specialist aerospace MGA marks Nexus' tenth deal in three years.
Podcast: Aviva’s Phil Bayles shares his thoughts on the week’s top five stories
Bayles tackles chartered status, InsurTech and consolidation.
Saffron boss David Beswick targeting £60m GWP by 2020
Broker has already struck two deals since being bought by Broker Network this January.
Quizzical questions: 7 September 2018
Test your knowledge of the week's news with our topical quiz.
Saffron posts results for year to Broker Network takeover
Turnover and profit drop at the broker.
Broker Network snaps up Lockyers
Commercial broker brings £5m of GWP and was already a network member.
Ardonagh silent on partial sale of Direct Group to Davies report
All parties decline to comment.
Right time for MGB sale, says Charles Manchester
MUM CEO predicts broker will “thrive in a large organisation” as the MGA focuses on underwriting following the deal.
MUM sells MGB Insurance Brokers to Trireme
The firm will sit alongside Oxford Insurance Brokers and James Hampden International.
Podcast: Covéa’s Simon Cooter discusses the top five stories of the week
Cooter shares his thoughts on fraud, consolidation and InsurTech stories.