All M&A articles – Page 64
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Alea takeover stalled after shareholder meeting postponed
The ongoing takeover saga of Alea by FIN Acquisition has taken another twist with the postponement of the shareholder meeting this week. The special general meeting, held to determine whether FIN’s offer for Alea was to be implemented as either amalgamation or acquisition, was postponed for 10 days as ...
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CCV buys Arthur Marsh
Cullum Capital Ventures (CCV) made its eleventh acquisition, buying Middlesex–based Arthur Marsh & Son, a broker controlling £8m in GWP. The acquisition brings CCV’s GWP to over £50m. It said it expected to make at least one more acquisition this month.
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Algarve re-brands into Lycetts Group
Algarve Underwriting Agency is to be rebranded to become Lycetts Broker Services
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Homeserve and D&G speculate on merger
Homeserve and Domestic & General have begun speculating on a potential joint operation
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LV= purchases Britannia Rescue
Friendly society LV= (formerly Liverpool Victoria) has completed the purchase of Britannia Rescue...
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General Motors buys Provident for £170m
General Motors makes further inroads into UK insurance market with the acquisition of Provident Insurance
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Talbot sold to Bermuda reinsurer for £200m
Validus Re acquires Talbot Underwriting for an estimated price tag of £200m
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R&SA quiet on AXA response strategy
Royal & SunAlliance has refused to clarify its strategy on how it will respond to any threat to distribution channels posed by AXA's acquisition strategy. Insurance Times reported last week that R&SA was developing a strategy to respond to any loss of independence of the brokers bought by AXA.Mike Lawton, ...
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New bidder for Alea could emerge
The board of Alea announced today that it has received...
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Talbot confirms sales to Validus
Talbot Holdings has announced that agreement has been reached...
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Sirius buy will make SSP No 1
SSP is to acquire Sirius in a deal that will create a software house bigger than market leader Open GI.The combined enlarged group will have a turnover of roughly £64m, of which around 11% would be overseas business. This compares to Open GI's £33.5m turnover.The Aim listed companies will trade ...
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Aviation broker targets expansion
Lloyd's broker Norman Butcher & Jones (NBJ) is seeking to hire teams to expand its business beyond its core aviation practice. The Lloyd's broker said it was now looking to target all lines of business including wholesale and reinsurance. The news came as the NBJ Group reported profits for 2006 ...
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Munich Re buys Bell & Clements Group
Munich Reinsurance has bought the Bell & Clements Group for an undisclosed amount...
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SSP acquires Sirius
SSP and Sirius have agreed to an acquisition deal valuing Sirius at approximately £43.4m.In the UK, the business will have a presence in the areas of general insurance relating to regional brokers, call centres, small intermediaries, major brokers, underwriting agencies and insurance companies, as well as establish a presence in ...
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Cooper Gay says Sonae financing will fuel acquisitions
Cooper Gay is expected to expand its presence in the UK market, with further acquisitions likely, following investment from Sonae SGPS. SC Insurance and Risk Services SGPS, SA, a subsidiary of Portuguese investor Sonae SGPS, has agreed to acquire 14% of Cooper Gay, with an option to increase its ...
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Travelers buys Lloyd's marine insurer
Travelers has purchased Galatea Underwriting Agencies, a specialist Lloyd's marine underwriting agency. Galatea is in its eighth year of operation, and specialises in protecting companies and individuals who service the shipping, transport and both offshore gas and oil industries. Travelers said Galatea "complements and enhances the current Lloyd's marine activities ...
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Swinton extends acquisition drive as profits grow
Personal lines giant Swinton is looking to follow its purchase of commercial broker Vectis Insurance as early as this month, according to its chief executive Patrick Smith.Swinton acquired Isle of Wight-based Vectis last week. "There are a couple we have our eye on and we may be purchasing in the ...
