M&A – Page 103
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RSA open to further talks with Aviva
RSA says offer is "fair value" and makes "strong strategic sense"
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NMJ Insurance buys Derby broker Protheroe
NMJ Insurance Brokers completes second broker acquisition
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Aviva rejects RSA bid for GI arm – report
Insurer reluctant to break up its composite model
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Markets & Risks
Buyer’s market
Lloyd’s businesses may be below book value and look ripe for the picking, but private equity companies are finding it tough to raise money, while insurers have the cash but are cagey. Even intra-market deals are doubtful, but a benign hurricane season might tip the balance
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Reserves push RBSI to make H1 operating loss of £253m
Bodily injury claims forced company to increase motor reserves by £320m
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Hampden buys Lloyd’s corporate member for £0.4m
Acquisition boosts Hampden’s capacity by £900,000
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Fidelius buys Ottery Insurance Services
Exeter-based Fidelius Insurance Services buys rival broker in Devon
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FSA approves Fortis/Kwik-Fit deal
Fortis completes buyout of Kwik-Fit Insurance Services
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JLT chief dubs takeover rumours “laughable”
Dominic Burke says no part of the broker is for sale
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RSA buys Irish personal lines distributor
123 Money acquisition propels insurer to second place in Ireland
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Westinsure ‘business as usual’ if Ink takeover goes ahead
Westinsure will retain name and be kept separate from Ink's operations
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Brit rated ‘underperform’ on Apollo deal doubts
Jefferies analysts say acquisition has 50% chance of completion
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Legal investor seeks UK claims targets
Juridica appoints Thomas Miller to conduct due dilligence
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Cooper Gay thinking bigger after Swett & Crawford purchase
Broking group will focus on UK business and emerging markets, not more acquisitions, chief exec says
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RBS mulls Part VII transfer to prepare for Solvency II
Transfer is one possible option as part of restructuring of insurance division