All M&A articles – Page 55
-
News
Abbey plans acquisition drive after AIM flotation
Legal expenses insurer Abbey Protection is planning an acquisition drive after announcing intention to float on the AIM.The specialist insurer, offering products to SMEs within the legal expenses and tax related professional fees market, plans to make £5m of new money, resulting from the floatation expected to take place at ...
-
News
Broker Network chief predicts takeover interest
Broker Network chief executive Grant Ellis has said that the company is likely to receive further approaches in the coming months.Ellis, who was speaking at the company’s third national conference in Cambridge, warned that prospective suitors would have to pay a considerable sum for the business, which recently completed its ...
-
Online only
Citybond takes on Aon's travel book
Citybond to grow book alongside tour operator, travel agent and broker networks
-
Online only
Venture Preference acquires three brokers
Ventures Preferences boosts GWP by £25m after broker acquisitions
-
News
Lucas Fettes looks to sell after co-founder retires
Managing director confirms company is seeking a larger consolidator partner
-
News
Brokers in HNW merger
Two brokers that have merged to specialise in the high net worth (HNW) market have ruled out acquisitions claiming that brokers who have acquired are losing clients.Smith Ross Shane and Greenfield Risk Services are to join forces to form Smith Greenfield Services. But managing director Steve Smith said it would ...
-
Online only
Oval acquires healthcare specialist
Bristol and Lancashire based medical group UMS to form core of healthcare division
-
Online onlyCould Munich Re be facing a battle with the names?
German reinsurer may find it difficult to gain 100% control of new syndicate
-
Online only
Private equity firm buys Cunningham Lindsey
Stone Point acquire majority stake in loss adjusting group
-
News
VP passes £500m GWP
AXA’s insurance broking arm Venture Preference (VP) surpassed the £500m premium income mark with the acquisition of the Health Insurance Group (THIG).THIG, which was purchased for an undisclosed sum, is an independent UK private medical intermediary generating £45m of gross premium income.The purchase propels Venture Preference into the private medical ...
-
News
Stakeholder objection blocks JLT’s First City bid
Jardine Lloyd Thompson (JLT) has been unsuccessful in its bid to buy independent Lloyd’s broker First City.The companies have been in talks, but it is understood that a deal could not be struck because a major stakeholder objected to the takeover.Senior sources confirmed that the companies had met, but talks ...
-
News
Big consolidators pricing out small brokers seeking to buy
Essex broker RG Ford has hit out at the major consolidators, claiming their spending power is preventing medium-sized brokers from making acquisitions.RG Ford managing director Giles Ford said the big money paid by large groups, such as Towergate and Oval, was pricing them out of the market.He said: “What we ...
-
NewsWhy would a consolidator want a broker network?
As rumours grow about the possible sale of the Broker Network to a consolidator, Danny Walkinshaw assesses the potential value of such an acquisition
-
News
Munich Re to make second Lloyd’s buy
Munich Re will strengthen its presence in Lloyd’s with the acquisition of Syndicate 318, it announced this week.The German reinsurer expects to complete the acquisition of MSP Underwriting, owner of managing agent Beaufort Underwriting and service company Evergreen Underwriting Services for a price it says is “in the mid double-digit ...
-
News
Oval confirms talks of Allianz stake in group
Oval has confirmed that it is in discussions with Allianz about taking a stake in the broker group.Managing director Jeff Herdman said that the company hoped to make an announcement regarding Allianz’s stake – believed to be 10% – in the next few weeks. He would not comment on speculation ...
