M&A – Page 136
-
News
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, ...
-
Online only
New bidder for Alea could emerge
The board of Alea announced today that it has received...
-
Online only
Talbot confirms sales to Validus
Talbot Holdings has announced that agreement has been reached...
-
News
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 ...
-
News
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 ...
-
Online only
Munich Re buys Bell & Clements Group
Munich Reinsurance has bought the Bell & Clements Group for an undisclosed amount...
-
Online only
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 ...
-
Online only
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 ...
-
Online only
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 ...
-
Comments/Letters
Cheque book frenzy
John Jackson says the buying and selling of brokers has reached fever pitch, but it's good for business
-
News
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 ...
-
News
Protectagroup to float after expansion plan
Welsh broker Protectagroup is set to float on the London Stock Exchange after completing an aggressive acquisition drive which will more than quadruple its size.The personal lines broker intends to proceed with an initial public offering (IPO) by 2011 through a main market flotation, which may include the yet to ...
-
Online only
SBJ group acquires Comberford trustee training business
SBJ Group has acquired the pension trustee training business of Comberford trustee services.
