M&A – Page 134
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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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Oval shopping spree moves into North West
First South East acquisition boosts broker’s controlled premiums to over £300m
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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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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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Cullum is staying, says Towergate
Towergate has quashed reports that its chairman Peter Cullum is set to step down, saying that Cullum is in fact set to be at the helm for at least the next two years. Marc DonFrancesco, group head of marketing, said: “Anyone who thinks that Peter is stepping down ...
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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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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
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 ...
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SNS REAAL to acquire insurance operations of AXA for €1,750m
Dutch bank and insurer SNS Reaal said it will acquire the Dutch insurance operations of French insurer AXA SA for EUR1.75bn in cash
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Blackstone to buy Alliant Insurance
The Blackstone Group has struck a deal to buy its first insurance broker - Alliant Insurance
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AXA completes Winterthur sale
AXA completes sale of Winterthur's US property and casualty insurance business
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Wachovia Securities and A.G. Edwards join forces
Combination creates 2nd largest retail brokerage firm in the U.S.
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Baloise strengthens position in Croatia
Swiss insurance company set to acquire Croatian insurance company Osiguranje Zagreb
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Online onlyPredators in the wings
Sampo has ruled itself out of a bid for R&SA but others could be set to pounce
