All M&A articles – Page 62
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R&SA planning UK acquisitions
R&SA's chief executive has revealed that the company has a very active deal pipeline
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News
CBG buys broker after £3m placing
Manchester broker CBG Group has acquired insurance broker and financial adviser GF Baskeyfield. The acquisition of the Macclesfield firm follows the £3m placing by CBG announced last week (News, 14 June). CBG will pay up to £1.15m in cash and shares for Baskeyfield, which last year made net profits of ...
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Aviva’s Dutch business buys Cyrte Investments
Cyrte Investments had assets valued at £337m
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CBG makes first acquisition following £3m placing
Manchester broker acquires Macclesfield broker and IFA
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Fortress: Alea offer unconditional
FIN acquistion secures necessay 61% of shareholder votes
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R&SA shares rise on US bid rumours
AIG linked with potential bid for Royal & SunAlliance
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News
Giles buys Ink in £25m acquisition
Giles Insurance Brokers has continued its consolidation drive with the acquisition of Ink Underwriting.The purchase of the Essex-based underwriting agency will add approximately £25m gross written premium to the company’s business, increasing its size to £160m. Ink Underwriting specialises in liability insurance for the printing sector. It is also diversifying ...
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News
HBOS in frame after Erinaceous share fall
Shares in Erinaceous Group have continued to fall this week following the withdrawal of private equity firm, 3i, from the takeover race. Shares in the property specialist fell 6% this week. As Insurance Times went to press, shares were trading at 247p. The departure of buy-out specialist 3i leaves HBOS ...
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News Analysis
Broker consolidation - Is flotation such a capital idea?
Many brokers are rushing to the stock exchange to get their hands on the cash to expand, but Tom Gifford says there are many drawbacks to that strategy
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News
Oval shopping spree moves into North West
First South East acquisition boosts broker’s controlled premiums to over £300m
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AXA upgraded to 'AA'
Standard & Poor’s cites Winterthur integration and excellent ERM in rating decision
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Online onlyOval's acquisition march continues
The broking giant continues to consolidate but there are still gaps in its portfolio
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Oval acquires Williamson Moore
Oval's acquisition of Williamson Moore gives the group a foothold in the south east
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Whittington appoints M&A director
Peter Tan appointed group strategic acquisitions director
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Aviva joint venture in Spain
Aviva announces new bancassurance joint venture in Spain with Cajamurcia
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News
Jelf seeks to lead with £250m GWP target
Aim-listed broker Jelf Group has revealed its target of hitting £250m GWP over the next two to three years and becoming the leading broker in Wales and the south of England.In addition, the Bristol-based broker hopes to secure £200m GWP in healthcare alone. Speaking to Insurance Times, Jelf chief executive ...
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News
Cobra to float in move to fund acquisitions
Cobra Holdings, parent of Cobra Insurance Brokers and Cobra Network, is set to float on Aim and raise £10m for acquisition activity.Cobra will float on 29 June and two days later is expected to announce an acquisition adding £25m to its £350m premium income.Steve Burrows, Cobra’s chief executive also ...
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News
Alea amalgamation fails
Alea shareholders have rejected the proposed amalgamation by FIN Acquisition at the rescheduled general meeting, held last week.This puts an end to speculation that a rival could launch a bid. FIN Acquisition is an investment vehicle formed by the Fortress Investment Group.Last month, a “preliminary unsolicited approach” to the company ...
