M&A – Page 139
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Online onlyTHB's Cardinus acquisition gets thumbs up from analysts
Numis says acquisition is 'sensible'
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News Analysis
M&A on the brink
With industry experts predicting that the mergers and acquisitions frenzy is nearing an end, Sarah Kennedy says the remaining independent brokers are being hunted down
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Jubilee to take over Link fleet products
Move part of plans to consolidate Zenith and Link insurance
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Smart & Cook makes 54th acquisition
Purchase of Willis’ Cumbrian Office enhances company’s regional presence
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News
Protectagroup sets £70m brokerage target
Wales-based company outlines acquisition plan of three mid-size brokers
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News
Aon boosts classic car book with new buy-out
Aon has acquired niche broker Firebond to strengthen its position in the classic car sector. The move follows the purchase of Footman James for £80m in January. Firebond provides cover for specialist personal risks, including prestige sports and classic cars. It has 13,000 policyholders, and controls £4m of ...
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News
Oval makes 20th acquisition
Broker Oval has made its twentieth acquisition, increasing its presence in the Midlands still further.It has purchased Martin and Pethard and its associated company, Premier.Martin and Pethard is the longest established broker in Redditch with a range of clients across various industries.Premier is a specialist broker dealing with the provision ...
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FeaturesA driving force
When the integration of Equity Group’s business into IAG, chief executive Neil Utley is looking to make £20m in cost savings, but still looking for more acquisitions. Michael Faulkner reports
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News
Ntegrity opens in Bristol with £10m brokerage aim
Start-up broker to focus on professional indemnity and plans London and North offices
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Online onlyAon acquires specialist vehicle broker
Move increases company's presence in classic car sector
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News AnalysisThe great credit crunch
Private equity M&A deals in the insurance sector are threatened by lack of funding. Tom Gifford explains why.
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News
CCV buys Ajax to near GWP goal
Cullum Capital Ventures is another step closer to reach-ing its 2007 target of controlling £100m of gross written premium (GWP), following its latest acquisition of Liverpool–based Ajax Insurance Brokers.With a GWP of £3m, Ajax Insurance Brokers is CCV’s 14th acquisition, taking the company to over £70m in annual premiums. ...
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News
Erinaceous shares dive but HBOS stays in takeover race
HBOS continues to be linked with Erinaceous group, despite reports last week that the bank was poised to withdraw from the takeover race.Shares in the property group fell further to 175p on Monday – their lowest mark since late 2004 – following a 5% dive on Friday last week.A spokesman ...
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News
Direct Group looks to grow following £40m MBO
Insurance service provider Direct Group is to hit the acq-uisition trail following a £40m management buy-out backed by a private equity firm.The buy-out was led by former GAB Robins boss Derek Coles who joined Direct Group last year. Coles, who becomes chief executive of the group, said he would now ...
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News
Towergate profits soar as sales pass £700m
Towergate Partnership saw its profits soar in the first half of 2007 as its sales surpassed £700m.The consolidator giant reported earnings up 37% year on year to £67m in the six months to 30 June 2007, while income rose by over 32% to £161m. Total sales in terms of gross ...
