Private equity (PE)
Covid-19: Broker M&A numbers predicted to drop
But the consolidators say their models have not changed as a result of the coronavirus.
Blog: When is a consolidator, not a consolidator? The question Barton, Jelf and Reid’s Partners& hopes to answer
This week saw the launch of new broking business Partners&, bringing together a quintet of players to form a business which is positioning itself as distinctly anti-consolidator. Insurance Age content director Jonathan Swift looks at what this means; and…
Sir Peter Wood steps down from Esure
Wood founded the business in 1999 and sold a majority stake to Bain Capital in 2018.
Vantage-owner NSM buys Kingsbridge
Deal sees private equity firm Dunedin exit the specialist broker.
Miles Smith owner SRG planning several more deals this year
Exclusive: Group CEO Warren Downey, who joined from JLT last year, outlined the firm's M&A plans.
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
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.
Searchlight believed to be final party in discussions with GRP – reports
GRP has been exploring sale and reinvestment options since last summer.
Bollington buys SME specialist Ashgrove Insurance Services
CEO Paul Moors says Bollington is set to make more deals in 2020, with a focus on niche players or brokers that complement its existing business strategy.
2019 in review: August's top stories
Readers were most interested by closures at Swinton in August, as PIB announced its intention to seek a new investor by 2021.
Kingsbridge refutes sale discussion rumours
CEO James Twining says the broker is "currently not in a sales process" following speculation it had been in talks with Gallagher.
Aston Lark makes second Irish deal
Purchase of commercial lines specialist Wright Insurance Brokers follows its deal for Dublin-headquartered Robertson Low in January.
Tempcover eyes European expansion in 2020
CEO Alan Inskip explains how the firm has changed since its MBO in 2018 and what lies ahead.
B.P. Marsh invests £1m in Lloyd's broker Lilley Plummer
PE firm takes a 30% stake in the specialist marine broker.
Granite set to expand product offering
Broker is creating 300 new roles as it targets a GWP of £300m by the end of the year.
Ascent Underwriting and Cove Programs rebrand as Optio
Owner Preservation Capital Partners combined the two MGAs after buying US firm Cove earlier this year.
Granite to create 300 new jobs
Liverpool-based Granite, which sits behind Acorn, is set to expand following funding deal with Inflexion Private Equity earlier this year.
The Blog Spot: RIP Jelf, hello Marsh Commercial - what's in a broking brand?
As Marsh rebrands Jelf, Insurance Age content director Jonathan Swift reflects on the passing of another name heavily associated with noughties broker consolidation
Aston Lark completes £320m Goldman Sachs deal
The private equity provider is now majority owner of the broker.
Investment firm takes minority stake in Carrot owner
Trak Global Group reveals Three Hills Capital Partners will invest over £40m for a minority stake in the firm.
GRP exploring sale and reinvestment options
It is believed that the consolidator is seeking fresh investment that could see current investors, including Peter Cullum, have their stake diluted as backer Penta reaches the end of its traditional investment period.
PIB sets sights on long term investment deal
The recently re-financed business is aiming to find a longer-term backer in 2021.