Mergers & acquisitions (M&A)
Ratings agencies give steady response to Aspen sale
Moody’s and S&P declare no change while AM Best begins a review.
Worcester broker targets acquisitions
Hazelton Mountford is currently working to identify potential buys and seeking brokers with around £3m GWP.
Private equity Apollo lands Aspen for $2.6bn in cash
Deal expected to close in the first half of 2019.
PIB-owned Citynet buys Wrightsure book
The deal, which affects Wrightsure’s London Market non-motor book, takes effect on 1 September.
Broker Network spending spree prices revealed
Figures unveiled for first three deals - Finch Commercial, Boyd Insurance and Thompson & Richardson.
Anscombe hails "significant organic growth" at Seventeen Group
CEO says growth was driven by investment in specialist areas, as the firm continues to invest in IT and make acquisitions.
Simply Business reveals losses for 2017
Online broker says loss due to costs from Travelers takeover.
Podcast: The top five stories of the week
Siân Barton and Ida Axling chat about the most popular stories to hit the headlines.
Quizzical questions: 17 August 2018
Test your knowledge of the week's news with our topical quiz.
GRP-owned Abbey Bond Lovis makes NI buy
Deal is GRP's third in the last month.
Bain Capital to buy Esure for £1.2bn
Esure also reported a 12% rise in GWP, but a fall in profit for the first half of 2018.
Broker Network buys North West broker
The business will act at Broker Network’s seventh “regional powerhouse”.
Lickens reveals “race against time” in John Ansell deal
The Clear Group CEO says the business was on the clock when it bought John Ansell following ECI investment.
Commercial business switch from LV to Allianz begins on Monday
Boss Jon Dye silent on future potential acquisition targets.
Podcast: The top five stories of the week
Emmanuel Kenning and Jonathan Swift share their views on the most clicked on articles by brokers.
Operating profit rises at Allianz as COR improves in first half of 2018
GWP flat as business transfers to LV.
No consolidation spree for Verlingue after ICB deal
Finch and ICB bosses hail “fabulous” opportunity for like-minded businesses.
The Blog Spot: What might a Fosun move for Ageas mean for the UK?
Jonathan Swift ponders how a potential sale of Ageas could work as the rumour mill shouts ever louder about the insurer being on the market.
Co-op Insurance for sale – reports
The insurer is said to be on the market for £300m.
Lonmar and Ropner merge
Brands to be kept in new combined operation.
ICB Group joins Verlingue
Addition triples Verlingue’s size in UK market.
Aston Lark buys Michael James
The Maidstone-based business specialises in the care sector and real estate and is the second deal this year for Aston Lark.
GRP takes majority stake in Chesterfield-based DCJ
Management team and staff to remain with the broker, which has its sights set on making its own deals.
Jelf bought Clark Thomson for £23.3m cash
Company results also showed £5.6m of deferred costs payable if performance criteria are met.