M&A – Page 133
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News
J&M buys broker to bolster hire business
J&M Insurance Services is set to cement its position in the public and private hire insurance market with the acquisition of its fifth broker in two years.The taxi insurance specialist, which controls nearly 9% of the market, aims to double its footprint in the sector after buying south London broker ...
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Amlin buys Allied Cedar to strengthen UK property book
Amlin has mounted a bid to boost its flagging UK property division by acquiring Allied Cedar Insurance Group.The company, which is divided into Allied Under-writing Agencies and Cedar Insurance Company, will be integrated into Amlin Insurance Services, the UK commercial division of the Amlin group.The acquisition of Allied Cedar, which ...
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Gerling bought by Caribbean financial services giant
Acquisition gives Sagicor entry to London market
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Amlin buys Allied Cedar Insurance
Amiln acquisition opens up more opportunities to develop additional SME business
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Other parties interested in D&G
Homeserve not only potential bidder for warranty specialist
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Saga-AA merger pressures insurers
AA’s insurer panel could be disbanded or face commission pressure, experts warn
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US investor builds stake in Benfield
Investors kept an eye on Benfield Group, hoping that the FTSE 250 company could see a change of fortune.Traders noted that there has been some stake building in the broker recently, with US investment group Artisan Partners lifting its holding in the group to 22.9 million shares, worth 10.2% of ...
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Saga/AA merger raises concerns for over-50s
uSwitch.com insurance head asks whether merger will see over-50s motor cover 'diluted'
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Hiscox makes US buy
Hiscox has bought ALTOHA, Inc, an insurance holding company and its subsidiaries American Live Stock Insurance Company, the leading live stock insurer in the US, and Harding & Harding, the affiliated insurance agency. Subject to approval, the purchase price is $55m which will be satisfied out of internal resources and ...
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Hiscox buys US insurer
Hiscox has bought American Live Stock Insurance and issued a trading update
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Online onlyInsurers take stands on broker ownership
Allianz appears to have responded to AXA's broker acquisition strategy buy upping its stake in another independent broker
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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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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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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 ...
