M&A – Page 137
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Online only
Generali and PPF combine central and eastern Europe businesses
A new agreement will unite all of Generali's and PPF group's insurance assets in the central and eastern European (CEE) region...
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Comments/Letters
What's AXA's game?
Michael Faulkner says the market is fearful of AXA's undeclared acquisition strategy
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Comments/Letters
Why the rush to market?
Andrew Cave says the time is right for brokers to float on the booming stock market and realise some cash
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News
Snowball to lead Towergate IFA drive
Market surprised by ex-NU chief's move to consolidator giant
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News
IGI to be sold to US firm 'within days'
IGI Group could be sold within days to US insurer Amtrust Group after months of negotiations.According to a source close to the company, the sale could be completed "any time now", as meetings continued this week.If completed, Nasdaq-listed Amtrust, the multinational property and casualty insurer, will be the third company ...
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News
Swedish group buys Pet Partners
Pet broker PetPartners has been acquired by Agria Animal Insurance, Sweden's largest pet insurer. Agria, a mutual insurer with a 62% share of the pet insurance market in Sweden, said the move was the "first step" in its strategy to grow internally. But it said it had no plans to ...
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News
Smart & Cook acts to assert freedom
AXA's broking operation will take fresh steps to assert independence after Smart & Cook buy
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C-Zone
Don't fear the consolidator
Brokers have faced threatening market changes for many years and came out stronger, so the arrival of the consolidators should be welcomed. Simon Burgess explains
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News
Giles looks south after Scottish snub
Takeover of Kerwin Smith boosts broker's premium income to £135m
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News
Towergate buys JW Group to boost Scottish portfolio
Towergate has acquired Scottish broker, JW Group Insurance & Risk Manage-ment, in an effort to kick start an acquisition programme north of the border.This deal will add a further seven offices to Towergate's Scottish portfolio, which currently only boasts two hubs in Paisley and East Kilbride.JW Groups controls premiums ...
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News Analysis
The golden key to distribution
The scramble for acquisitions in 2006 was triggered by the need to control distribution. Katy Dowell reports
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News
Private equity buys Alea for £162m
Private equity firm Fortress Investment Group has made its first foray into the insurance market, acquiring ailing reinsurer Alea Group Holdings for £162m. In the past 18 months Alea, hit by losses from hurricane Katrina, has sold off its core business offerings and pursued an aggressive run-off strategy.Fortress,which has ...
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News
AA will 'float or be sold' staff warned
Staff told that private equity owners will dispose of business within a year
