M&A – Page 116
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It’s going to be a battle
Former Smart & Cook chief executive Paul Meehan says the war between insurers and brokers will be fought on the grounds of commission.
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Berkshire Hathaway pulls out of RBSI bidding
Move follows bank’s rebuttal of private equity suitors
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Rival networks circle Westinsure members
Impending Broker Network deal brings warning of defections.
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Cobra seeks stakes to build membership
Broker network offers to take stakes of up to 19% in brokers.
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News Analysis
Ready to move the market
Tom Flack reports on the high profile takeover battle being played out between Australia’s two biggest insurers.
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Oval makes Scotland acquisition
Consolidator acquires £5.5m GWP Aberdeen broker to boost presence
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Westinsure remains tight-lipped on sale talks
Denis Morgan makes statement to shareholders and members over speculation
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Broker Network close to £10m buy-out of rival Westinsure
Consolidation of network arena gathers pace with acquisition of Plymouth-based Westinsure due to conclude this month.